Merrill Lynch Concerned About Circ Scandals

august 16, 2004  10:34 am
The Dallas Morning News' recent circulation disclosures certainly aren't helping the industry move beyond the scandals previously announced by Newsday, Hoy and the Chicago Sun-Times. "The fact that four newspapers (three companies) have disclosed circulation overstatements has been a real shocker," wrote Lauren Rich Fine in a Merrill Lynch report released today. "Now, of course, there is concern that more companies will step forward with disclosures, especially in view of Sarbanes-Oxley," a new federal law requiring more financial disclosures from publicly traded companies.