Tribune Settles SEC Charge Of Inflating Circulation

Law360, New York (May 30, 2006, 12:00 AM EDT) -- Though the media company admitted to no wrongdoing, Tribune Co. said that it had settled charges with U.S. regulators over inflated circulation data at two of its newspapers on Tuesday.

The company agreed to a settlement on charges brought by the Securities and Exchange Commission that it had failed to uncover false circulation figures reported from 2002 to 2004 at Hoy and Newsday.

Newsday is a tabloid-size daily newspaper that covers Long Island, Manhattan and Queens, though it is sold throughout the greater New York City...
To view the full article, register now.