Kenneth Li
3 minute read
The Thomson Reuters logo is seen on the company building in Times Square, New York, U.S., January 30, 2018. REUTERS/Andrew Kelly
Reuters News postponed the launch of its website paywall following a dispute with financial data provider Refinitiv over whether the move would breach a news supply agreement between the two companies.
Reuters, a unit of Thomson Reuters Corp (TRI.TO), had been planning to start charging for news on Reuters.com from June 1. It was not immediately clear how long the delay would last.
In a staff meeting on Thursday, Reuters Editor-in-Chief Alessandra Galloni confirmed that the news agency had paused the launch of the website paywall as well as the introduction of a new legal news section on the website, while discussions with Refinitiv to resolve the dispute were ongoing.
Reuters postpones website paywall amid Refinitiv dispute reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
LSE, Reuters in talks following dispute over news website paywall
By Huw Jones and Kenneth Li
Reuters
LONDON (Reuters) - London Stock Exchange Group Plc said on Thursday it was in talks with Thomson Reuters Corp over their agreement to distribute news content, following a dispute over whether Reuters News could put up a paywall on its website.
Reuters News, a unit of Thomson Reuters, recently announced plans to start charging customers $34.99 per month for news on its website, Reuters.com.
The LSE bought financial news and information business Refinitiv, formerly a division of Thomson Reuters. It pays Thomson Reuters for news it distributes on Refinitiv terminals. Thomson Reuters holds a minority stake in the LSE.
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