** Citi cuts ProSiebenSat.1, Schibsted and Wolters Kluwer to "sell" from "neutral", lowers WPP, SES and ReedElsevier to "neutral" from "buy".** Says its top media picks are TF1, JCDecaux, UBM,Pearson and Sky. Key "sells" are ProSiebenSat.1, Rightmove, Schibsted, Informa and Wolters Kluwer.** Credit Suisse also cuts ProSieben, to "neutral" from "outperform", citingrecent share price gains and an expected lack of short-term catalysts for adrevenues.** Says 1.6 pct points of ProSieben's 3.1 pct points audience share gain sinceJan. 13 is from new smaller, niche channels with less than 1 pct audience share,whose advertising inventory sells at a discount.** ProSieben shares are down 2.1 pct pre-market at brokerage Lang & Schwarz. (RM: maria.sheahan.thomsonreuters.com@reuters.net)
TOP NEWS: WPP holds guidance despite ongoing weakness in Asia and tech
(Alliance News) - WPP PLC on Thursday reported a fall in first quarter sales as progress in Europe was offset by declines in Asia.
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