Tribune to Take $60 Million Charge in Circulation Scandal
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Newspaper publisher Tribune, embroiled in a scandal over inflated circulation figures, today also further cut circulation numbers at two New York newspapers.
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Newspaper publisher Tribune Co. (TRB.N: Quote, Profile, Research) , embroiled in a scandal over inflated circulation figures, on Friday further cut circulation numbers at two New York
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The Securities and Commission is conducting an investigation into circulation reporting in the newspaper industry following several disclosures of fraudulent practices in recent months.
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The cost of a circulation scandal at Tribune Co.&#39;s Newsday and Hoy newspapers could be almost $100 million. The Chicago-based company said Friday it would take a charge of $45 million to $60 million this quarter on top of $35 million set aside in June.
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A lawsuit was filed against Tribune  Co. on Thursday, claiming the newspaper publisher refused to  pay minimum wage and overtime to its newspaper distributors.
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Media group Tribune Co has agreed to pay $15 million in a settlement with federal prosecutors after two of its newspapers, Newsday and Hoy, admitted to inflating circulation numbers.
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Business & money: Conrad Black could face decades in prison if convicted of masterminding theft of $60m (Â£30m) from his former Hollinger media empire.
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Tribune Co. said yesterday that it would sell Hoy New York, a free Spanish-language newspaper with a daily circulation of about 56,000, to ImpreMedia, the owner of New York's El Diario La Prensa, the nation's oldest Spanish-language newspaper.
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The New York Times Co. lost more than $600 million in the last quarter of 2006, largely because of the diminished value of the Boston Globe, which it owns.
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A credit union in Massachusetts has sent TJX an invoice for $590,000 to cover the monetary costs and reputational damage that the financial institution says it incurred as a result of the data breach disclosed by the retailer in January.
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Media group Tribune Co. is expected to  meet early next week to weigh takeover offers that could split  up the company or take it private, sources familiar with the  situation told Reuters.
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The Audit Bureau of Circulations released the long-awaited results of its audit of the Tribune Company&#39;s scandal-tarred Newsday on Tuesday, confirming the magnitude of the discrepancies uncovered by the company&#39;s recent internal audit.
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CHICAGO -- Tribune Co. , the second-largest US newspaper publisher, was sued by a shareholder for refusing to consider offers to buy the company's biggest paper, The Los Angeles Times.
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The Securities and Exchange Commission has started an investigation into newspaper circulation reporting after several publications acknowledged exaggerating their sales.
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SCHAUMBURG, Ill. -- A final audit released by a circulation reporting group Tuesday showed that Hoy, a Spanish-language newspaper owned by Tribune Co.
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Data storage tape company will pay $60 million in cash.
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Justice Department officials in New York will announce a criminal indictment of Democratic fundraiser Norman Hsu today on charges he orchestrated a $60 million fraud scheme and committed related federal campaign finance crimes.