Sec 'Wildcatting' Probe Scrutinizes Newspaper Industry

Summary


NEW YORK -- The Securities and Exchange Commission's inquiry into the $55 billion newspaper industry, which became public last week, is the latest example of "wildcatting," an aggressive new SEC enforcement policy that tries to anticipate problems rather than simply react.

"Wildcatting," an oil industry term for drilling in unexplored ground, is how the policy is referred to within the commission.

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Sec 'Wildcatting' Probe Scrutinizes Newspaper Industry

Under this strategy, the SEC will review an entire industry when it finds trouble at one or two major companies. The goal: Find out if the w...

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