Tribune Co. will pay $15 million to settle case
The United States attorney's office will drop its prosecution after Newsday and Hoy, a Spanish-language publication in New York, agreed to pay a $15 fine to resolve a criminal investigation of a scheme to inflate circulation figures, according to The Associated Press.
Between 2000 and 2004, Newsday admitted it inflated its circulation by nearly 100,000 copies on weekdays and Sundays. Hoy doubled its reported circulation, prosecutors said.
Nine people have pleaded guilty to participating in the scheme and are awaiting sentencing.
The Tribune Co. owns Newsday and the company sold Hoy earlier this year to ImpreMedia.
To read the full report click here.
Between 2000 and 2004, Newsday admitted it inflated its circulation by nearly 100,000 copies on weekdays and Sundays. Hoy doubled its reported circulation, prosecutors said.
Nine people have pleaded guilty to participating in the scheme and are awaiting sentencing.
The Tribune Co. owns Newsday and the company sold Hoy earlier this year to ImpreMedia.
To read the full report click here.

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