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The continued economic gloom kept down any hopes of a market rally last week. Even as early earnings reports beat Wall Street's muted expectations, news of an increase in consumer prices drove down stocks. Ten AdMarket stocks were up and 40 were down for the week.

Media companies continued to struggle, and WPP Group was knocked down by concerns over its attempts to cancel its buyout offer for Tempus Group (See P. 55). Newspaper stocks managed to hold up, despite posting the expected third-quarter revenue shortfalls in the wake of the Sept. 11 attacks. Gannett Co. and Tribune Co. were both down 7%, New York Times Co. was down 7.7%, Knight Ridder fell 9.9% and Washington Post Co. dropped only 1%. Media titan AOL Time Warner lost steam: Quarterly revenue grew 6.4% and met analysts targets, but those estimates had been lowered in previous weeks.

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