Financial services firm Morgan Stanley has cut its earnings targets for three of the United Kingdom's top newspaper publishers to reflect the industry's expected dip in advertising revenues next year, the investment bank said Wednesday.

Morgan Stanley has lowered its earnings per share (EPS) forecast on Daily Mail & General Trust by 7 percent, and target valuation by 6 percent to 780 pence. The bank lowered Trinity Mirror's EPS expectations by 1 percent, with a 4 percent cut to its target valuation, to 505 pence. The EPS forecast for Johnston Press was cut by 4.5 percent, with a target valuation deduction of 9 percent, to 425 pence, Reuters reported Wednesday.

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Newsstands in Seoul could be eliminated by the end of 2009.

The Seoul city government announced last week it has revised regulations on commercial installations on roads, which affects newsstands, kiosks, shoe-repair shops and others, and will go into effect in mid-November if the city council approves the revisions, The Korea Times reported over the weekend.

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Members of the National Union of Journalists at the Coventry Telegraph in the United Kingdom will vote on whether to strike in protest over what they say are inadequate editorial staffing levels, with forty union members receiving their ballot papers next week.

The number of editorial staffers has dropped constantly over the past two years due to not replacing people who leave, or long delays when vacancies are filled, said NUJ members at the Telegraph and its sister papers, the Coventry Times and Hinckley Times, which are part of Trinity Mirror's portfolio in the Midlands, currently up for sale, according to HoldtheFrontPage.

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Most marketers worldwide use e-mails in their campaigns, according to a new survey conducted by McKinsey.

This study surveyed 311 marketing executives globally, and found that 83 percent used e-mails, ahead of display ads (73 percent), and paid search (63 percent).

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Kenya's Daily Metro was been added to the Nation Media Group's list of newspapers Wednesday.

The Daily Metro, which targets younger readers and those in lower and middle income levels, will be sold for Sh20, All Africa reported.

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With the help of online initiatives, Gannett Company Inc. is recapturing revenues that used to be a given for newspapers.

The company's online assets shows Gannett, whose flagship newspaper is USA Today, has extended its operation beyond newspaper Web sites, to bring in revenue from areas that once used to be newspaper turf only, such as classifieds.

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