Media24 restates certain ABC figures

“The restatement impacts less than 0.6% of the total magazine circulation of Media24 for this period,” continues the statement.

“Media24 upholds the values and principles of the ABC. The company acted as soon as it became aware of the error. Independent auditors were appointed to do a thorough review to define the extent of the problem and to advise on appropriate remedial actions.

“As a result of the review, there will be a tightening of management procedures,” the statement concludes.

For more:

• Media24: now the PR really starts [article]
  
• [No Comment] ‘Mayhem at Media Park' [blog]
  
• Is Media24 the only culprit? [article]
  
• Media24: profit and performance pressure cooker [article]
  
• ABC routine audit checks on all publishers [article]
  
• Zoopy interviews Hein Brand, Steven Powell and Di Paice [blog]
  
• Thursday's Media24 press conf in CT [Zoopy videos] [blog]
  
• Potential criminal charges in Media24 scandal [article]
  
• How did it all go wrong at Media24? [article]
  
• Touchline MD faces disciplinary action [article]
  
• "My heart bleeds for the editors" [article]
  
• Touchline Media lied about circulation figures [article]
  
• Notes on a scandal [article]
  
• Wednesday is D-Day for Media24 [blog]
  
• Media24: media agencies take up the fight [article]
  
• Are the Picas at risk? [blog]
  
• Touchline under scrutiny [snippet]
  
• Media24 staff responsible for circulation irregularities [article]
  
• Media24 restates certain ABC figures [article]
  
• Patricia Scholtemeyer honoured for job creation [article]
  
• Scholtemeyer, Lowe Morna: Vodacom Women in The Media finalists [article]

• Video coverage on the Thursday, 4 October 2007, Media24 press conference in Cape Town:

  • Zoopy interviews Hein Brand, Steven Powell and Di Paice [blog]

  • Thursday's Media24 press conf in CT [Zoopy videos] [blog]

• Breaking news blog for coverage of the Wednesday, 3 October 2007, Media24 press conference in Johannesburg: http://blog.bizcommunity.com [blog]