Results matching “usa audit finds”

More figures revealed in light of the circulation scandals: "Tribune Co.'s Hoy newspaper, one of several U.S. papers caught up in a circulation scandal, overstated circulation at its New York edition by more than 46 percent last year, an industry monitoring group said on Tuesday. The Audit Bureau of Circulations, which tracks circulation at newspapers and magazines, put average daily circulation of the Spanish-language paper at 49,681 copies for the 12 months ended Sept. 30, 2003, down 46.4 percent from the 92,604 copies that the paper originally reported. The findings are in line with Tribune's September estimate that revised daily circulation likely would be in a range of 45,000 to 55,000 copies for the 12 months. Hoy publisher Digby Solomon Diez said in a statement that the newspaper "will continue to cooperate fully with ABC on its ongoing audits." The ABC audit also found that Hoy inflated circulation of its Sunday edition by 23.3 percent. Average circulation should have totaled 25,465 on Sundays, compared to the 33,198 copies originally reported by Hoy."

Source: Reuters, see also the New York Post

According to Chicago Tribune, "Tribune Co. said Thursday that it uncovered more circulation misstatements at its two New York newspapers and set aside $35 million to compensate advertisers who were overcharged. The revelations came as the Chicago-based publisher and broadcaster reported its second-quarter earnings, which plunged 58 percent from the year-earlier period. The decline was driven largely by charges for the circulation problems and for layoffs forced by lower-than-expected advertising revenue. In a conference call, Tribune said it had launched a number of steps to correct the inflated 2003 and 2004 circulation figures, disclosed last month at Newsday on New York's Long Island and at the New York edition of Hoy, a Spanish-language paper. But the company also said it found new circulation misstatements at the papers in those years, as well as in 2001 and 2002.