21. Like most newspaper companies, Gannett has benefited from lower newsprint prices and advertising growth, particularly in profit rich classified ads. 22. Many editors have been shocked by her use of government powers to set newsprint prices, levy discretional taxes and punish newspapers and magazines that oppose the government. 23. Meantime, higher newsprint prices and static advertising revenues at its main publications led to operating losses. 24. Moreover, publishers expect newsprint prices to fall even further in the fourth quarter, analysts said. 25. More newspapers are likely to close or consolidate editions because of sharply rising newsprint prices, newspaper publishers meeting in New Orleans said Tuesday. 26. New York Times Co. said it expects better-than-expected first-quarter earnings because of higher advertising revenue and lower newsprint prices. 27. Newspaper publishers also face uncertainties about whether they can continue to rely on Enron to lock in their newsprint prices, which are often volatile. 28. Newsprint prices appear set to return to a more stable level, while pulp prices are rising with economic growth and increased paper demand, Whitehead said. 29. Newsprint prices are expected to be steady as U.S. publisher stocks decline. 30. Newsprint prices are also rising more slowly than expected. |