IMPACT OF SOX ON THE PUBLISHING INDUSTRY

Adverse Section 404 Reports
For Companies with Years Ended in 2006
As of July 6, 2007

The following is a copy of the four adverse reports that were issued from companies in the Publishing industry with years ended in 2006. These were all of the accelerated filers in the Publishing industry with adverse Sarbanes-Oxley Section 404 management self assessments. This information was gathered using the online research tool called Audit Analytics an Ives Group, Inc company.

The following is a summary of the material internal control weaknesses reported in the four adverse Section 404 Self Assessments:

publishing2006_1

The following is a summary of the material accounting weaknesses reported in the four adverse Section 404 Self Assessments. Section 404 is not just about internal control issues, but also about misapplication of financial accounting and reporting issues:

publishing2006_2

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