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XXXXX DRUDGE REPORT XXXXX SUN JULY 13, 2003 17:09:28 ET XXXXX NOT AGAIN: NEW YORK TIMES PREPARES TO CORRECT ERRONEOUS STORY; PAPER CLAIMED MUSIC CHIEF DEFAULTED, LOST CONTROL OF LABEL It's "We're Sorry!" time at the NEW YORK TIMES -- again -- on Monday, newsroom sources tell the DRUDGE REPORT. The Business Desk is preparing to retract and/or correct a story which claimed TVT Records founder and president Steven Gottlieb "lost control of his company" after "Mr. Gottlieb defaulted on loans totaling $23.5 million." MORE In a profile of Gottlieb last Monday, the TIMES, quoting "court documents," made the damning charge. But now, upon further review, the paper has learned the loan dispute between Prudential Securities and TVT Records, one of the nation's largest independent record companies, has had no impact on the control or management of the label. In fact, Gottlieb was never personally responsible for the defaulted loan and remains in full control of his company. The original TIMES report was filed by Lynette Holloway.� But the paper has assigned Diana Henriqes to fix the mess on the front of tomorrow's business section. FOXNEWS.com all-star Roger Friedman detailed the case late last week. Developing... ----------------------------------------------------------- Filed By Matt Drudge Reports are moved when circumstances warrant http://www.drudgereportArchives.com for updates (c)DRUDGE REPORT 2003 Not for reproduction without permission of the author |
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