Wall Street Journal Europe Doles Out Cash And Favors To Inflate Circulation Numbers
from the ouch dept
I can't find it now, but just a few months ago I got into a discussion in our comments with someone who insisted that newspapers or paywalls were always going to be a better place for advertisers because they actually knew who their readers were and could verify and audit that information. I noted that the newspaper industry has a long history of boosting circulation numbers through fraud. In response, I was told that doesn't happen any more. That seemed laughable. Indeed, reports have now come out that the Wall Street Journal Europe was involved in a complicated scam to massively boost its circulation numbers by giving companies cash to buy copies of the paper at greatly discounted rates. Even worse, it appears that some of the deals involved signed contracts with the WSJ, where they promised positive coverage of one of the organizations that would participate in this scheme:The Guardian found evidence that the Journal had been channeling money through European companies in order to secretly buy thousands of copies of its own paper at a knock-down rate, misleading readers and advertisers about the Journal's true circulation.Coming on the heels of the voicemail hacking scandal, this is another black eye for Murdoch's News Corp, but it looks significantly worse, given the generally positive reputation around the Wall Street Journal, when it comes to reporting and editorial ethics.
The bizarre scheme included a formal, written contract in which the Journal persuaded one company to co-operate by agreeing to publish articles that promoted its activities, a move which led some staff to accuse the paper's management of violating journalistic ethics and jeopardising its treasured reputation for editorial quality.
Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
Filed Under: circulation, scams, wall street journal europe
Companies: news corp.
Reader Comments
Subscribe: RSS
View by: Time | Thread
reporting and editorial ethics
[ link to this | view in chronology ]
Typo
[ link to this | view in chronology ]
Re: Typo
[ link to this | view in chronology ]
[ link to this | view in chronology ]
...
...
Who wrote this? Can I presume they never actually read the WSJ?
[ link to this | view in chronology ]
Can't trust anyone in advertising -- especially not Google.
[ link to this | view in chronology ]
Re: Can't trust anyone in advertising -- especially not Google.
See now silly generalizations are yet?
[ link to this | view in chronology ]
Reputation
[ link to this | view in chronology ]
Sky is blue, water is wet, etc...
[ link to this | view in chronology ]
[ link to this | view in chronology ]
[ link to this | view in chronology ]