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CORRECTED-BUZZ-European Media: GS expects twists and turnarounds in 2020

(Corrects 7th bullet to show WPP was cut to "neutral", not "sell")

** Goldman Sachs sees the media sector outperforming the broader market in 2020 on positive earnings momentum following underperformance in 3 out of the last 4 years

** " We see a number of idiosyncratic turnaround stories likely to play out this year including Canal+ (Viviendi ), Publicis and Edge (Ascential)," GS says

** It also cites an improving macro backdrop, favourable events calendar, step-up in share buybacks and cost cutting

** However, according to the broker, structural shifts will drive further dispersion in stock performance

** GS turns more positive on Classifieds and Outdoor, but remains cautious on Broadcasters

** It says Informa and Wolters Kluwer will face an organic growth slowdown, cuts the latter to "sell"

** The broker also downgrades A3M to "sell" and cuts WPP, M6 and Lagardere to "neutral"

** Other changes: Mediaset Espana raised to "neutral" and Schibsted taken off the broker's conviction list