BUSINESS
By James T. Madore and James T. Madore,NEWSDAY | December 9, 2004
NEW YORK - Newsday's parent told stock analysts yesterday that the newspaper has made progress recovering from its circulation scandal, with more than three-quarters of the largest advertisers accepting rebate offers. Tribune Co. executives reported that Newsday has settled with more than 20,000 of the 40,000 advertisers harmed by its inflated circulation numbers. They said among those accepting restitution offers and waiving their right to sue the paper are more than 75 percent of the 350 largest accounts, including the 10 biggest.
BUSINESS
By Leon Lazaroff and Leon Lazaroff,CHICAGO TRIBUNE | September 11, 2004
Tribune Co. further reduced circulation figures at two of its newspapers yesterday and said it expects to increase compensation payments to advertisers by as much as $60 million. The media company said its third-quarter earnings would be cut by $45 million to $60 million as a result of circulation inaccuracies first disclosed in June at Newsday of Long Island, N.Y., and the New York edition of Hoy, a Spanish-language daily. The new outlay follows a $35 million charge that the company took against second-quarter earnings to settle an initial round of advertiser grievances.
BUSINESS
By James T. Madore and Tom McGinty and James T. Madore and Tom McGinty,NEWSDAY | November 17, 2004
In an official audit that confirmed Newsday's earlier forecast, the industry's circulation watchdog said yesterday that the newspaper's daily circulation last year was 481,816 copies on weekdays and 574,081 on Sunday. In both cases, that is nearly 98,000 fewer copies than Newsday had reported a year ago. The new figures, which are for the 12 months that ended in September last year, were in line with estimates released to advertisers two months ago by Newsday's parent, Tribune Co. "The results of the audit are consistent with the ABC board's decision in July to censure Newsday for its circumvention of the ABC rules, rules to which all members agree to abide," said Michael J. Lavery, president of the Audit Bureau of Circulations.
BUSINESS
By Robert E. Kessler and Mark Harrington and Robert E. Kessler and Mark Harrington,NEWSDAY | November 30, 2004
Federal officials are investigating allegations that a former Newsday subcontractor was persuaded to kick back more than $1 million over a 10-year period to a high-ranking Newsday executive to keep millions of dollars of business his companies had with the newspaper. The allegations were outlined by several sources familiar with a federal investigation of circulation problems at Newsday. The probe centers on claims by businessman James Cisek that he had to pay former Newsday Senior Vice President Louis Sito the money to keep contracts with the Long Island newspaper and its subsidiaries, the sources said.
BUSINESS
By James T. Madore and James T. Madore,NEWSDAY | December 3, 2004
Newsday announced the firings of seven more employees yesterday as it grapples with a scandal over circulation that was inflated by nearly 100,000 copies on weekdays. In a letter to employees, Publisher Timothy P. Knight said the terminations were "part of our commitment to ensure the integrity of our circulation practices." He did not elaborate on the improper practices, and a spokesman declined to identify the individuals or the causes for their respective firings from the Long Island, N.Y., newspaper.
NEWS
December 26, 1998
Mike McAlary,41, the street-smart New York Daily News columnist who broke a shocking story of alleged police brutality and won a Pulitzer Prize for it, died of colon cancer yesterday.During the 1980s and '90s, the Brooklyn-born writer employed his two-fisted style at all three of New York's tabloids -- the Post, the Daily News and Newsday -- and bounced around so much that the News once obtained an injunction to block him from working for the Post in 1993.Mr. McAlary was receiving chemotherapy in August 1997 when he got an anonymous tip that Abner Louima, a black Haitian immigrant, had been sodomized and beaten by white cops in a station house.