Yet another media company's earnings have been hit by the war.

Knight Ridder

(KRI)

warned that first-quarter earnings won't meet analysts' estimates, due to a drop in advertising amid the conflict in Iraq. The company also expects to see an increase in full-year revenue.

The firm, which publishes the

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San Jose Mercury News

, is the latest in a string of media giants to warn about earnings. Recently,

The New York Times and

Gannett lowered their quarterly forecasts.

Knight Ridder said it will have a slight gain in earnings from last year's 60 cents a share, but analysts were expecting the company to earn 67 cents a share. The company forecast a 4% increase in revenue for the year. Analysts expect revenue of $2.92 billion, compared with 2002's total of $2.84 billion.

Shares of San Jose-based Knight Ridder closed at $60.36 on Tuesday.