Goldman Sachs rejigs ratings on Euro media stocks

[Ann Okerson <ann.okerson@yale.edu>]

>From Reuters news service:

<http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=4166316>

LONDON, Jan 20 (Reuters) - Goldman Sachs said on Tuesday it had rejigged
its ratings on a number of European media stocks and upgraded French
broadcaster TF1 to "in-line" from "underperform".

The bank said it had downgraded UK media firm Aegis and British publishers
Pearson and Emap to "underperform" from "in-line".

The research note also said it had downgraded Anglo-Dutch company Reed
Elsevier to "in-line" from "outperform" because of concerns over long-term
pricing power in the scientific publishing market.

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