UPDATE 1-Goldman Sachs revises rating on European media stocks

(Adds details)

Aug 27 (Reuters) - Goldman Sachs revised its rating on
several European media stocks, and added Publicis Groupe SA
(PUBP.PA) and British Sky Broadcasting (BSY.L) to its
conviction buy list, saying both stocks were structurally solid
and were trading at a significant cyclical discount.

The brokerage raised its rating on the stock of
ProSiebenSat1 Media AG (PSMG_p.DE), sending its shares up 5
percent to 6.651 euros.

Goldman downgraded French TV broadcaster M6 (MMTP.PA) and
Antena 3 de Television SA (A3TV.MC) and added the companies to
its conviction sell list.

The following table lists the ratings and price target
assigned by Goldman to the companies.

COMPANY NAME RATING PRICE
TARGET CURRENT PRICE

New Old

Aegis Group (AEGS.L) Neutral --
135 p* 114 p

Antena 3 de Television SA (A3TV.MC) Sell Neutral
5.90 euros 6.25 euros

Axel Springer (SPRGn.DE) Neutral --
79.3 euros 71.59 euros

British Sky Broadcasting (BSY.L) Buy Buy
593 p 452.25 p

CTC Media (CTCM.O) Buy Neutral
$31.03 $19.59

Eniro (ENRO.ST) Neutral --
30.93 Sek** 27.60 Sek

Havas (EURC.PA) Buy Neutral
4.10 euros 2.58 euros

Independent News & Media (INME.I) Sell Neutral
1.59 euros 1.369 euros

ITV (ITV.L) Neutral Sell
48 p 41.8 p

JCDecaux (JCDX.PA) Sell Neutral
16.7 euros 14.81 euros

Johnston Press (JPR.L) Sell Neutral
44 p 48 p

Lagardere (LAGA.PA) Neutral --
43.4 euros 37.70 euros

M6-Metropole Television (MMTP.PA) Sell Neutral
15.08 euros 15.04 euros

Mediaset (MS.MI) Neutral Sell
5.7 euros 4.80 euros

PagesJaunes Groupe (PAJ.PA) Neutral --
11.20 euros 9.44 euros

ProSiebenSat1 Media (PSMG_p.DE) Buy Neutral
7.93 euros 6.690 euros

Publicis (PUBP.PA) Buy Neutral
28.95 euros 21.97 euros

Seat Pagine Gialle (PGIT.MI) Sell --
0.102 euros 0.1015 euros

Thomson Reuters TRIL.L Neutral --
1861 p 1484 p

TradeDooubler (TRAD.ST) Neutral Buy
70.8 Skr 56.00 Skr

Trinity Mirror (TNI.L) Buy Sell
139 p 103.75 p

TVN TVNN.WA Neutral Buy
22.85 Pln*** 17.62 Pln

Vivendi (VIV.PA) Neutral --
29.23 euros 25.58 euros

Wolters Kluwer (WLSNc.AS) Buy Neutral
20.01 euros 16.00 euros

Yell Group (YELL.L) Buy Neutral
121 p 103.75 p

*p - pence

**Sek - Swedish Crown

*** Pln - Zloty
(Reporting by Vidya L Nathan in Bangalore)