If senior management was aware and it wasn’t a rogue operation, that’s a huge problem. There’s nothing they own that compares to the reputation of a news company, especially the Wall Street Journal.Yale University School of Management senior associate dean Jeffrey Sonnenfeld • Speculating on the danger News Corp. faces over a circulation-inflation scandal involving its most-known upmarket publication, The Wall Street Journal — particularly its European operations. The scandal has already led to the resignation of Andrew Langhoff, the paper’s publisher, but with word that the scandal was known amongst higher-ups at the company but ignored, things could get significantly messier. It’s been a bad year for the company, already: A hacking scandal took down the company’s most-known downmarket publication, News of the World.
October 20, 2011 // 1:52 // 2 years ago