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The big newspaper stocks have been quite hot of late, but now interest is spreading to the smaller publishers. Analyst Susan Decker at Donaldson, Lufkin & Jenrette Securities is high on little-known Hollinger International (HLR), a publisher of newspapers in the U.S., Britain, Australia, Canada, and Israel. Among the 131 daily newspapers it turns out are the Chicago Sun-Times, the Daily Telegraph, and the Morning Sydney Herald. "It's the most attractive stock in our publishing and printing universe," says Decker. Trading at 11, the stock offers further upside potential of at least 30% over the next 12 months, she says.

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