Tribune Co. Faces Suit Over Circ. Misstatements

  • May 16, 2005
New York law firm Stull, Stull & Brody Friday announced a shareholders class action suit against Tribune Co. stemming from the disclosure of circulation overstatements at its Newsday and Hoy newspapers. The complaint alleges that Tribune's circulation numbers had been improperly inflated since fiscal year 2001, and that as a result, its financial results were inflated and its liabilities were understated to shareholders, because Tribune ultimately had to provide compensation to its advertisers. -- J.M.
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