Friday, October 21st, 2011

Exposing Bloomberg’s Efforts to Evade Accountability – Reporters Asjylyn Loder and David Evans Mislead WBEZ Listeners

Philip Ellender
President, Koch Companies, Government and Public Affairs
Verbatim for Worldview WBEZ –

Bloomberg Markets magazine published an article about Koch Industries this month that was dishonest.  Sources in the story said things that weren’t true or contradicted prior statements.  The piece was factually inaccurate and Bloomberg omitted almost all the material that we at Koch provided them.

As other media outlets began to examine Bloomberg’s story, it was quickly discredited.  It has now been debunked by many, including the Washington Post, the Atlantic, National Review, Washington Examiner and Weekly Standard.

Even the reporters’ own colleagues at Bloomberg BusinessWeek felt compelled to set the record straight – whether sales of refinery equipment to Iran by one of Koch’s foreign subsidiaries were legal. At the time of the sales referred to in the article, Koch had protocols in place that were consistent with U.S. law.  In fact, many years ago Koch adopted a policy prohibiting sales into Iran through its foreign subsidiaries, which is stricter than existing U.S. law.  That policy remains in effect. In their interview with WBEZ, the reporters who wrote the article backed away from their claims that Koch’s sales were “illicit” and “flouted” the law. They also admitted they had no evidence Koch had violated the law.

Koch addressed every issue Bloomberg presented to us. Bloomberg ignored the evidence, but the truth is found at

If falsehoods weren’t enough, the Bloomberg reporters also portrayed Koch as “secretive.” Koch is a private company, like Bloomberg.  Would the reporters portray the owner of their private media empire as “secretive”?

When host Jerome McDonnell asked the reporters why they thought the piece deserved attention, they were finally candid. It was Koch’s political views, reporter Asyjlyn Loder explained, “which has made reporting on them kind of popular I guess.”  So the truth comes out and the reporters admit this is about personal politics.

As Jennifer Rubin of the Washington Post said, “Plainly, some members of the media and the Koch brothers’ political opponents are gunning for them [with] reporting … so selective and obviously driven with a conclusion already in mind.”

Read Koch’s rebuttal and independent critiques of Bloomberg’s deceptive journalism at

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