OCCUPY THE WALL STREET JOURNAL  12:11 am October 13, 2011

Wall Street Journal Caught Padding European Circulation By Nearly Half

by Wonkette Jr.

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 }

poncho_pilot October 13, 2011 at 12:22 am

"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?"

RadioOcupados October 13, 2011 at 12:42 am

And, we are not crony capitalists!

bagofmice October 13, 2011 at 8:52 am

Crony was SO last season.

LesBontemps October 13, 2011 at 9:42 am

Crony is the new black (or vice-versa?).

comrad_darkness October 13, 2011 at 9:44 am

Can this year be slacker capitalist? That sounds like my style.

johnnyzhivago October 13, 2011 at 12:27 am

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….

RadioOcupados October 13, 2011 at 12:46 am

Capitalism is just the TPS cover sheet for criminal enterprise.

emmelemm October 13, 2011 at 1:15 pm

Damn. I need that on a bumper sticker. Good one.

bagofmice October 13, 2011 at 8:54 am

Why concern yourself with ethics when there is profit to be taken?

FlownOver October 13, 2011 at 10:26 am

I, for one, welcome our new Ferengi overlords.

Doktor Zoom October 13, 2011 at 12:39 am

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

Negropolis October 13, 2011 at 12:45 am

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.

mumbly_joe October 13, 2011 at 8:14 am

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.

donner_froh October 13, 2011 at 12:51 am

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.

Grief_Lessons October 13, 2011 at 9:27 am

ELP deserve whatever they get: Love Beach was a terrible album.

PrimlyStable October 13, 2011 at 12:53 am

Murdoch paper lies to the world. This is news now?

Ken Layne October 13, 2011 at 1:40 pm

It's news when they lie to their Wall Street advertisers … otherwise, it's expected.

Lionel[redacted]Esq October 13, 2011 at 5:41 pm

Bet it is not news in the WSJ or FOX News.

CapnFatback October 13, 2011 at 1:02 am

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!

donner_froh October 13, 2011 at 1:02 am

From the article: "I'm pretty confident that what we did was in line with the law."

Pretty confident–what more could anyone ask for?

paris biltong October 13, 2011 at 10:36 am

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

DerrickWildcat October 13, 2011 at 1:02 am

They don't even speak American over there.

Troglodeity October 13, 2011 at 1:03 am

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."

Chichikovovich October 13, 2011 at 11:36 am

And then fire him, removing all leverage you might have to "incentivize" his silence.

Callyson October 13, 2011 at 1:03 am

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…

Ken Layne October 13, 2011 at 1:41 pm

I get them constantly. Just mail it back in the prepaid envelope with a "funny picture" inside.

Guppy06 October 13, 2011 at 1:09 am

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

drrty_martini October 13, 2011 at 3:29 am

And their taxes! So high! My heart breaks for them.

Sharkey October 13, 2011 at 1:15 am

They had to bring Emerson Lake and Palmer into this? Really?

FakaktaSouth October 13, 2011 at 9:20 am

They wanted ELO, but then Mike Edwards got crushed by that giant hay bale, so…

Amo_of_Bogio October 13, 2011 at 12:24 pm

Welcome back my friends to the show that never ends…

mourningnmerica October 13, 2011 at 12:54 pm

"No money could save them, so they lost circulation and died…"

Blueb4sunrise October 13, 2011 at 1:18 am

…..and YOU get a WSJ, and YOU get a WSJ, and YOU get a WSJ……..

Guppy06 October 13, 2011 at 1:18 am

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

bagofmice October 13, 2011 at 8:57 am

The Murdochs will be practically Pulitzer!

Sharkey October 13, 2011 at 1:20 am

But … but … everyone said it was good when Murdoch bought the WSJ…

Chichikovovich October 13, 2011 at 11:42 am

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.

BarackMyWorld October 13, 2011 at 1:21 am

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

Sharkey October 13, 2011 at 1:25 am

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

Oh wait.

Uhhhh….

ProgressiveInga October 13, 2011 at 1:37 am

Wall Street Urinal.

Sparky_McGruff October 13, 2011 at 1:40 am

A Glenn Beck clothing line? Can I get a polo shirt that goes well with gravy?

Spurning Beer October 13, 2011 at 8:08 am

The Glenn Beck fashion collection will be the official clothing label of the Occupy Walmart movement.

mourningnmerica October 13, 2011 at 12:56 pm

I have already pre-ordered magic underpants in size M. Then….. NOTHING CAN STOP ME.

Sparky_McGruff October 13, 2011 at 1:09 pm

Medium? You need to order them in XXXL. Then keep eating baconnaise until they fit right.

SayItWithWookies October 13, 2011 at 1:55 am

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.

fartknocker October 13, 2011 at 2:49 am

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?

cheetojeebus October 13, 2011 at 6:56 am

Superseded Sick Scrofulous Scrotum Sack Sells Schmattas !

x111e7thst October 13, 2011 at 6:57 am

Keep fucking that sheep Rupert.

Spurning Beer October 13, 2011 at 8:10 am

Occupy wool street!

Bezoar October 13, 2011 at 8:26 am

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.

paris biltong October 13, 2011 at 10:45 am

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."

Bezoar October 13, 2011 at 10:37 pm

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

Monsieur_Grumpe October 13, 2011 at 9:04 am

I have two words for Mr. Murdoch, fish wrapper.

comrad_darkness October 13, 2011 at 9:35 am

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

Come here a minute October 13, 2011 at 9:10 am

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

johnnymeatworth October 13, 2011 at 9:14 am

AAAAAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHA

Texan_Bulldog October 13, 2011 at 9:23 am

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

comrad_darkness October 13, 2011 at 9:25 am

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

metamarcisf October 13, 2011 at 9:28 am

How can I make Glenn Beck's new clothing company redundant?

FlownOver October 13, 2011 at 2:02 pm

Rub feces all over yourself, obvs.

Mumbletypeg October 13, 2011 at 9:32 am

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.

OneYieldRegular October 13, 2011 at 9:43 am

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

mourningnmerica October 13, 2011 at 1:00 pm

They dumbed down the crossword puzzle, too. It only has 9 squares now.

SorosBot October 13, 2011 at 9:33 am

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?

glamourdammerung October 13, 2011 at 9:50 am

Because of our "liberal media" that constantly harasses poor conservative lunatics.

joobajooba October 13, 2011 at 10:12 am

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.

paris biltong October 13, 2011 at 10:56 am

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

Papa_Uniform October 13, 2011 at 10:58 am

Wait. We have a Justice Department?

GeorgiaBurning October 13, 2011 at 11:03 am

It didn't involve a Hollywood celebrity in trouble or a white girl being murdered.

comrad_darkness October 13, 2011 at 9:33 am

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

Wait . . . what?

OccupyFnChicken October 13, 2011 at 9:37 am

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.

OneYieldRegular October 13, 2011 at 9:45 am

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.

joobajooba October 13, 2011 at 10:14 am

So… look for "Sarah's Separates" and "Palin Plaids" at JC Penny near you.

PubOption October 13, 2011 at 9:54 am

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

BlueStateLibel October 13, 2011 at 10:08 am

Rubert Murdoch has the Midas Touch but in reverse – everything he touches turns to shit.

SayItWithWookies October 13, 2011 at 10:57 am

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

DashboardBuddha October 13, 2011 at 10:12 am

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

ChapterUndVerse October 13, 2011 at 4:31 pm

Does it qualify you to work for the Wall Street Journal?

weejee October 13, 2011 at 10:14 am

Went to YouBeckistan Apparel site. Need brain bleach. Mas brain bleach.

Grief_Lessons October 13, 2011 at 10:27 am

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

proudgrampa October 13, 2011 at 10:35 am

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!

fletc3her October 13, 2011 at 10:39 am

Which makes the circulation department the most honest part of the operation.

paris biltong October 13, 2011 at 11:00 am

The WSJ, your source for infomercials.

DaRooster October 13, 2011 at 11:20 am

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.

finallyhappy October 13, 2011 at 12:27 pm

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.

Ken Layne October 13, 2011 at 1:48 pm

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.)

Redhead October 13, 2011 at 12:43 pm

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

V572-⁂½‡‡‡‡‡ October 13, 2011 at 1:08 pm

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.

HobbesEvilTwin October 13, 2011 at 1:29 pm

today we are all Bulova watches.

mourningnmerica October 13, 2011 at 1:19 pm

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.

hagajim October 13, 2011 at 2:01 pm

"Rupert Murdoch’s empire of shit"….that might be the best description I've seen to date.

Soylent Green October 13, 2011 at 3:07 pm

Mr. Murdoch, Tear Down This Wall Street!

ttommyunger October 13, 2011 at 6:02 pm

It's true, Glenn's first effort will be men's undershorts, sold under the Brand Name: "Gape".

DashboardBuddha October 13, 2011 at 10:10 am

That game can leave one crying.

poncho_pilot October 13, 2011 at 11:19 am

napitalism.

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