Trusted media
CHICAGO Tribune Co. will pay $15 million to settle a federal criminal fraud investigation into a five-year scheme to artificially inflate the circulations of Newsday and the New York edition of the Spanish-language daily Hoy, U.S. prosecutors in Long Island announced late Tuesday.
"In light of, among other things, the newspapers' acceptance of responsibility for the fraudulent conduct in which they and their employees engaged, their ongoing cooperation with the government, the newspapers' payment of approximately $83 million in restitution to their advertisers to date, and the implementation of remedial management and internal auditing reforms designed to prevent circulation-reporting fraud from recurring, the government has agreed not to prosecute the newspapers for their participation in the scheme," said the announcement by federal authorities.
I'm sure both of my readers will appreciate the irony of this story.
Labels: media
Since 1949, Durhamites have slept soundly, secure in the knowledge that, in our town, erection can be depended upon. Now, thanks to the power of the internets, we can spread that security all over the world.
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the government has agreed not to prosecute the newspapers for their participation in the scheme
END QUOTE.
And this is why mainstream media wants/makes sure/conspires to make it look like you vote Republican every time. Get it?
Capitalism will eventually collapse because these types of behaviors will overwhelm the legal system. Self-interest and profit-taking trump responsible behavior and the rule of law. I think it's already started with George Bush, don't you?
Don't get me wrong, I think some form of a market works quite nicely for the social good. But when market forces overcome other factors, like culture, the environment and our health, it should be stopped. Blindly defending capitalism in the light of these abuses is like defending marriage because you get all that free sex. The priorityies are in the wrong place.
By
Tony, at 8:33 PM
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