The Wall Street Transcript publishes European and North American Publishing and Media Report.

0 Comments | M2 Presswire, February, 2000

M2 PRESSWIRE-11 February 2000-WALL STREET TRANSCRIPT: The Wall Street Transcript publishes European and North American Publishing and Media Report (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:11022000 Leading analysts and top management from European and North American companies examine the Publishing and Media sector in the latest issue of The Wall Street Transcript.

Horizontal and vertical consolidation, the Time Warner/AOL merger, and the emergence of golden triangles lie at the core of the re-rating of European media companies. Standard discounted cash flow models overvalue these companies and investors need to adopt a meteorological analysis to correctly price these hybrid stocks. Neil Blackley, First VP at Merrill Lynch, argues that Reuters is a...