Tribune Co. Tuesday said it settled an investigation by the Securities and Exchange Commission into the circulation misstatements of its
Newsday and
Hoy daily newspapers. Tribune said it
circulation reporting errors at the two New York newspapers as part of an internal investigation in 2004, and assisted the SEC during the commission's inquiry, which also began in 2004. In closing its
inquiry, the SEC ordered Tribune to "cease and desist" from violating statutory provisions related to its record-keeping and reporting.
Newsday and
Hoy circulation-related records were
inaccurate due to the practices uncovered by the company. No fines or other sanctions were levied against the company.
