Consumer >> Sector Roundtables >> January 14, 2002

Roundtable Forum: Publishing & Information Services

MARK D. HENDERSON is Director and Senior Analyst at ABN AMRO, Incorporated, covering Publishing and Information Services companies. Mr. Henderson has over 13 years of experience in the securities industry. Prior to joining ABN AMRO in July 2000, Mr. Henderson was the media analyst for First Manhattan Company. He was previously associated with Bank of Boston's Global Capital Markets division in Boston, Massachusetts. He graduated from Brown University in 1987 with a Bachelor of Arts in Victorian Literature and he earned an MBA at Columbia Graduate School of Business in 1998. A Chartered Financial Analyst, he is a member of the NYSSA, the AIMR and New York New Media Association. Mr. Henderson is a Trustee of the Redeemer Presbyterian Church in New York City. Profile
DOUGLAS M. ARTHUR joined Morgan Stanley in late 1994 as a Principal covering the publishing industry. He was promoted to Managing Director in 1997. He came to Morgan Stanley after an almost 14-year stint at Kidder, Peabody, where he was an equity analyst covering industries ranging from paper/forest products and business services to publishing, which he assumed coverage of in 1991. He was ranked as Third Team in 2002 and First Team in 2001 by Institutional Investor, and was previously ranked Third and Runner-up for the last nine years. He also ranked fifth in the recent Greenwich Research poll after placing second in the last two years, as well as ranking first in the 2001 Reuters Poll, and fourth in the 2001 Wall Street Journal stock picking poll. He is the president of the Media and Entertainment Analyst Society of New York. Prior to joining Kidder, he worked at Chemical Bank. He graduated from Colgate University in 1979 with a BA in History and Art History. He earned a CFA in 1989. Profile
ALAN SZYDLOWSKI is a Vice President, Equity Research Division at U.S. Trust Company. He covers the education and restaurant industries, advertising agencies and publishing. Mr. Szydlowski joined U.S. Trust in 1992 and ran the firm's information center and market data operations until 1998. He is a member of the New York Media Analysts Society. He has a BA and MBA from Baruch College/City University of New York. Profile
TWST: Advertising spending is said to be at its lowest point since World

War II. How do the newspapers and magazines look compared to the other

sectors of the media, in terms of which have been