VNU warns earnings growth may turn negative

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The Netherlands -VNU Communications Inc. Friday warned it expected full-year earnings before goodwill, amortization and one-off items will decline up to 5%. The Dutch-based media company said the decline is largely due to further deterioration of the economy since the Sept. 11 terrorist attacks. VNU, which in August forecast 5% growth for cash earnings, said its business information group had been especially hard hit. The unit contributes about a quarter of VNU's revenue.
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