ABC Statement: The Wall Street Journal Europe
Following reports in the media about some aspects of the Wall Street Journal Europe’s circulation, ABC has carried out a thorough review of the relevant arrangements. The copies in question relate to a contract in force from May 2010 to April 2011 and were reported as Multiple Copy Subscription Sales at below 5% of the basic annual subscription rate. Concerns were raised about whether the net price paid for these copies met the minimum requirement of 1c (Euro), as laid down in the Reporting Standards for International Publications.
The payment arrangements underlying this contract were complex and at times circuitous but ABC has found no clear evidence that these copies should be regarded as not compliant with the Reporting Standards for International Publications.
Given the questions raised ABC has initiated a review of the Reporting Standards governing circulation arrangements of this sort to ensure they fully reflect industry requirements and provide the requisite clarity for all concerned.
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