http://www.fin24.co.za/articles/default/display_article.aspx?Nav=ns&ArticleID=1518-24_2183853
Cape Town - Media24 magazine staff implicated in misstating circulation figures supplied to the Audit Bureau of Circulation (ABC) are facing disciplinary action, the company said in a statement.
This follows an announcement last week that the company would be restating circulation figures for the period April 2006 to June 2007 for some of its women's magazines.
"The forensic audit pointed to the actions of specific employees, which limited the misstatement to the circulation figures of the magazine titles within the sole ambit of those employees' responsibilities. Our immediate response was to restate our circulation figures to the ABC for the titles affected. We did this within 24 hours of receiving the preliminary report," reads the statement.
The statement said that disciplinary measures have already been initiated against the staff implicated in the matter with the actions proceeding "in accordance with due process."
"We wish to reiterate that management of Media 24 do not condone the irregularities. We addressed the situation as soon as we became aware of it, as indicated by the steps we took at the time. We also reported back to the ABC immediately upon receipt of an interim report.
"In addition, a wider forensic audit is being conducted in the interest of thoroughness. Moreover, Media 24 has an integrity charter which staff are required to abide by," says Patricia Scholtemeyer, CEO of Media 24 Magazines in the statement.
The statement adds: "Media 24 will continue to engage with the ABC about the matter. Media 24 will also discuss appropriate compensation with advertisers as a matter of urgency."
Cape Town - Media24 magazine staff implicated in misstating circulation figures supplied to the Audit Bureau of Circulation (ABC) are facing disciplinary action, the company said in a statement.
This follows an announcement last week that the company would be restating circulation figures for the period April 2006 to June 2007 for some of its women's magazines.
"The forensic audit pointed to the actions of specific employees, which limited the misstatement to the circulation figures of the magazine titles within the sole ambit of those employees' responsibilities. Our immediate response was to restate our circulation figures to the ABC for the titles affected. We did this within 24 hours of receiving the preliminary report," reads the statement.
The statement said that disciplinary measures have already been initiated against the staff implicated in the matter with the actions proceeding "in accordance with due process."
"We wish to reiterate that management of Media 24 do not condone the irregularities. We addressed the situation as soon as we became aware of it, as indicated by the steps we took at the time. We also reported back to the ABC immediately upon receipt of an interim report.
"In addition, a wider forensic audit is being conducted in the interest of thoroughness. Moreover, Media 24 has an integrity charter which staff are required to abide by," says Patricia Scholtemeyer, CEO of Media 24 Magazines in the statement.
The statement adds: "Media 24 will continue to engage with the ABC about the matter. Media 24 will also discuss appropriate compensation with advertisers as a matter of urgency."
