occupy the wall street journal

Wall Street Journal Caught Padding European Circulation By Nearly Half

Shrunken cliche Rupert Murdoch’s empire of shit continues to stink, with his “rogue corporation” caught in yet another amoral activity — this time, managers of his Wall Street Journal have been caught inflating the paper’s European circulation by 41%. So the big corporations paying top dollar to reach the coveted 1% who supposedly read the WSJ while shopping in Paris or whatever were instead paying to have 31,000 daily copies bought for a nickel apiece and dumped. Worse, the paper printed a bunch of bogus endorsements and features on the shell companies involved in the criminal scheme.

The Guardian, which started digging around and today claimed the head of WSJ European publisher Andrew Langhoff, has loads of filthy details:

While these payments were being made, a whistleblower from the Journal in Europe contacted the management of Dow Jones in New York and alerted them to the circulation scam and to the controversial agreement to publish articles promoting ELP. Emails seen by the Guardian indicate that the whistleblower’s complaint was seen by New York executives, including Les Hinton – then the chief executive of Dow Jones and a close confidant of Rupert Murdoch. Hinton resigned in July in the wake of the phone-hacking scandal at the News of the World.

The emails show that the chief human resources officer for Dow Jones, Gregory Giangrande, organised a meeting in London on 14 December at which the whistleblower detailed his allegations to a Dow Jones lawyer from New York, Tom Maher, and Dow Jones’ European human resources executive Carol Bosack.

After the meeting, Bosack emailed the whistleblower: “You are expected to keep details and your reaction or beliefs about the recent events confidential and not shared with anyone external or internal to the business. This matter is to be kept between us, Andrew [Langhoff], Internal Audit and Corporate Legal.” No action was apparently taken at that time on the whistleblower’s allegations. The whistleblower, who had worked for Dow Jones for 9 years, was made redundant in January.

Fire the whistleblower. Common evil corporate behavior, right? #OccupyWallStreet needs to send a Division of a couple thousand protesters to occupy the WSJ/Fox/Murdoch complex and just shut that whole thing down, for the good of humanity.

And speaking of Murdoch’s tarnished, used-up stars, forgotten head case Glenn Beck is launching a clothing company, we guess to make Ye Olde Revolutionary MuMuus in size XXXXXXL. [Guardian]

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95 comments

  1. poncho_pilot

    "Capitalism is only a reflection of the values of those who use it. It’s neither good nor bad. It’s simply what you make of it. So buy my overpriced apparel. Or are you a Communist?"

  2. johnnyzhivago

    This is NOTHING! News Corp apparently hacked into the computers of one of it's competitors (in the retail grocery advertising market) – and stole their business plans and customer contacts:
    http://www.nj.com/business/index.ssf/2011/07/alle

    BTW, the talk is that this stinks up to the Fatman himself, because somehow Christie refused to investigate this at one point as prosecutor.

    News Corp looks more and more like a criminal enterprise everyday….

  3. Doktor Zoom

    Inflated circulation claims? How can that be? I heard that every single one of Newt Gingrich's Twitter followers got a WSJ subscription.

  4. Negropolis

    Seriously, what's the address of Fox News? BTW, my blood sugar is probably low as hell at the moment, because most of that went totally over my head because I couldn't concentrate on the words.

    1. mumbly_joe

      1211 Avenue of the Americas 6th Avenue- it's right across from Rockefeller Center.

      I… used to work right around there. At a trusts and estates law firm, no less. Something about being and underpaid temp at a firm whose job it is to help the super-rich keep as much of their money as possible that is soul-sapping to the point that the subsequent unemployment was rather a relief.

  5. donner_froh

    ELP alone were responsible for 16% of the Journal's European circulation, sponsoring 12,000 copies a day for which they were paying only 1¢ per copy.

    One penny per copy–ELP got ripped off.

  6. CapnFatback

    Oh, the tragedy of it all! A hot summer night, graceless fumblings in the back seat of the Capital Coupe, Big Corporate Advertiser slides his hand up the WSJ's shirt, only to find the bra padded. Awk-ward!

    1. paris biltong

      What is missing here (although clearly implied) is: "I don't have any facts to back it up but…"

  7. Troglodeity

    Note to self: If I ever want to engage in a massive cover-up of criminal wrongdoing in a multi-billion dollar corporation, do not write a memo to a known whistleblower beginning with: "You are expected to keep the details confidential."

  8. Callyson

    Hahahahaha, I just got a solicitation from the WSJ to subscribe. Yeah, give me the five cents a copy rate and then I'll consider it…

  9. Guppy06

    Obviously the publishing and advertising industries needs more deregulation, if the laws interfere with capitalist innovation like this.

  10. Guppy06

    60 years from now, journalists/warbloggers will be vying for the Murdoch Award for Journalistic Ethics.

    1. Chichikovovich

      Well, it was. The WSJ (or at least the OP-Ed pages) was a vile, dishonest Neo-Bircher propaganda rag before the purchase, and Murdoch seems to have brought it to the tipping point along with his other enterprises. (The tipping point being: once you do something so disgusting that even politicians will bail on you (hack into and delete phone messages relevant to a missing person investigation) and do something where people actually get put under oath and have testimony compelled. Then watch the boat start springing more leaks every day.)

      You might say that I'm a dreamer. But I'm not the only one.

  11. BarackMyWorld

    Learning that something closely associated with Wall Street is responsible for fraud is like finding out a Michael Bay movie sucks.

    1. Sharkey

      The silver lining is that Michael Bay isn't managing your investment and retirement accounts. He just makes shitty movies…

      Oh wait.

      Uhhhh….

  12. SayItWithWookies

    I certainly hope that we good US citizens don't prejudice our opinions of FOX News as a fair and balanced organization simply because many of their divisions in Europe have secretly manipulated law enforcement sources to wiretap victims of murder and terrorism and manipulate the market of a once-renowned-for-its-integrity American finance newspaper. There's certainly no evidence that this micromanaged sprawling monstrosity ever had a single unifying agenda — well, except for those incriminating emails talking abot the wiretaps.

    But this shoudln't reflect on the integrity of the likes of Sean Assity, Bill O'Reilly, that freakish blonde hair-helmet lady or any of the other telemarketers-cum-news-personalities who read Roger Ailes' memos out loud every day. Those people who denounce President Obama's occasional association with Bill Ayers have not been influenced by the opinions of the organization that pays their salary. They rise above the relationships they condemn in others.

  13. fartknocker

    Meegh. This is Lou Sarah's Palin's express ticket into the Texas State Board of Education:

    "My Pet Caribou. Republicans Bring Growth – Democrats Bring Liquour, Dildos and Cable TeeVee."

    So who should write the book's forward?

  14. Bezoar

    For some reason I'm reminded of Bob Dylan's lyric; "…for to live outside the law, you must be honest.." (from "Absolutely Sweet Marie"). The implication being that for those living within the law, honesty is optional. How true.

    1. paris biltong

      Where do you get the "for" from? Dylan would never be so tacky.

      "Were fin'lly delivered down to the penitentiary
      But to live outside the law, you must be honest
      I know you always say that you agree."

      1. Bezoar

        Jeez, you're right, the vagaries of memory, I'm getting old, etc., but at least I got the spirit of it right, right?

    1. comrad_darkness

      Yeah, not even good for that. BPA, the nasty plastic additive, the ink on newspapers is loaded with it.

  15. Come here a minute

    Poor Rupert Murdoch — how can one successful businessman get so unlucky to have all these unscrupulous lawbreakers on his staff?

  16. Texan_Bulldog

    Sounds like the WSJ needs to get all of Dame Peggy Noonington's Percocet dealers to subscribe.

  17. comrad_darkness

    This is why we need to get rid of these competing news outlets, so shit like this doesn't get revealed.

  18. Mumbletypeg

    Snark all you want. This actually gives me a sad — as with acknowledging when something's gone from just pitiful to downright pathetic. Me being just oldz enough to remember when WSJ commanded some respect among news peddlers. Not to mention a kick-ass crossword puzzle.

    1. OneYieldRegular

      I wish it were harder to believe that the paper that employed Daniel Pearl could sink so low.

  19. SorosBot

    And this was revealed again by the Guardian; why isn't any of the US media and the Justice Department looking into his "news" empire's criminal dealings, just the Brits?

      1. joobajooba

        Well, the New York Times did do a good amount of reporting to expose the phone hacking scandal. And caught a fair amount of heat for it.

        1. paris biltong

          Anything about it in the NYTtimes since last July, or any original investigation of the issue? Catching heat from whom?
          BTW, whatever happened to the thumbs-down feature

  20. comrad_darkness

    "which led some staff to accuse the paper's management of violating journalistic ethics and jeopardising its treasured reputation for editorial quality."

    Wait . . . what?

  21. OccupyFnChicken

    if it's the storied, treasured Wall Street Journal — and it also happens to be owned by a turdish family — I would think it loses a bit of its lustre.

  22. OneYieldRegular

    Next to becoming a political commentator on FOX News, launching a clothing company is the surest sign that your career has gone right down the drain.

  23. PubOption

    This is a different kind of lie compared to most perpetrated by Murdoch. No political implications, merely an attempt to rip off the advertisers.

    1. SayItWithWookies

      Who would've thought there's something inherently wrong with faking the numbers and hoping nobody finds out?

  24. DashboardBuddha

    Does this mean my journalism degree from the Murdoch School of Investigative Journalism is worthless?

  25. Grief_Lessons

    This must be why my personal ads in the European edition of the WSJ garnered only lukewarm response, mainly from the homeless.

  26. proudgrampa

    WSJ was one of the 7 dailies I used to read, before I went insane. Now I get all my news (and porn) from Wonkette!

  27. DaRooster

    At least here one could never get away with lying to people as regularly as Murdoch does. That friggin' Europe… what a bunch of mouth-breathing numb-skulls… they will believe anything.

  28. finallyhappy

    Not really news in a way- I mean who wouldn't suspect them of lying?. Before Editor and Publisher went out of business, it used to show circulation for newspapers. The Examiner(a throwaway piece of Rightwing crap here in Metro DC) would show very large numbers- but you could see large piles of Examiners that had never been given out at any Metro station.

    1. Ken Layne

      It's paid vs. free distribution that's the key, for the ad dept. And the E&P figures mostly came from the ABC, which still exists in some form. http://www.accessabc.com/ WSJ has commanded high display rates specifically because it claimed to reach a specific number of the 1% who buy those tacky $10K watches and troll cars (Mercedes) as never-enough salve for the emptiness in their souls. You show that 31,000 alleged subscribers don't exist when you're only talking about 70K in Europe total, and the advertisers are now in control of the rate card. (Or, they just quit advertising altogether because it's a much better demographic with The Economist or you just buy the direct-mail lists from the big investment houses.)

  29. Redhead

    Is it sad that that my reaction to each of these details is, "yeah, what'd you expect, it's Murdoch/WSJ, not shocking?"

  30. V572-⁂½‡‡‡‡‡

    The real tragedy here is that all those expensive-watch advertisers didn't get the circulation of ads they paid for. You don't want to get Tag Heuer angry at you, Rupert. Everything you touch turns to shit — it can't be a coincidence.

  31. mourningnmerica

    If I use the WSJ to wipe my ass, will I become a compulsive liar? I don't want that shit to seep into my bloodstream. I have been using USA Today, but there is so much colored print, I'm starting to wonder about the dyes.

Comments are closed.