For functions in the classical Nevanlinna class analytic projection of log
\f (e(i theta))\ produces log F(z) where F is the outer part of f; i.e., th
is projection factors out the inner part of f. We show that if log \f(z)\ i
s area integrable with respect to certain measures on the disc, then the ap
propriate analytic projections of log \f\ factor out zeros by dividing f by
a natural product which is a disc analogue of the classical Weierstrass pr
oduct. This result is actually a corollary of a more general theorem of M.
Andersson. Our contribution is to give a simple one complex variable proof
which accentuates the connection with the Weierstrass product and other can
onical objects of complex analysis.