Nieman Foundation at Harvard
HOME
          
LATEST STORY
True Genius: How to go from “the future of journalism” to a fire sale in a few short years
ABOUT                    SUBSCRIBE
Oct. 8, 2014, 2:13 p.m.
LINK: uk.reuters.com  ➚   |   Posted by: Joshua Benton   |   October 8, 2014

Back in January, we told you about a lawsuit Dow Jones had filed against Ransquawk, a London-based news service that delivers real-time updates on financial markets, for allegedly lifting Dow Jones’ news. The company’s statement then:

Since Ransquawk doesn’t engage in much newsgathering, they take content from news organizations like ours in order to produce their squawks and headlines. They’re systematically copying, pasting, and selling our journalists’ work. They don’t have permission to do this, but from their response to our cease and desist letter, they don’t seem to care.

Dow Jones cited the sometimes controversial “hot news misappropriation” doctrine, which argues that news providers should have a limited ability to stop others from freeriding off their breaking news work.

Well, it worked:

Dow Jones & Co on Tuesday won a $5 million (3.11 million pounds) judgmeent against the London-based service Ransquawk, which it accused of pirating its content by broadcasting news within seconds of publication to traders and other subscribers.

But whether that money will be collected is still an open matter:

It was unclear whether Ransquawk has any U.S. assets or operations that would allow the judgement to be enforced. Ransquawk has not contested the lawsuit since it was filed in January.

“As a company domiciled in the United Kingdom that has not entered into litigation in the United States, we do not fall under the jurisdiction of the U.S. courts,” Ranvir Singh, Ransquawk’s chief executive, said in a statement. “Furthermore, as ‘hot news misappropriation’ is not a law recognised in the United Kingdom, we remain confident that any judgments entered against us in New York will not be enforceable in the United Kingdom.”

Show tags Show comments / Leave a comment
 
Join the 50,000 who get the freshest future-of-journalism news in our daily email.
True Genius: How to go from “the future of journalism” to a fire sale in a few short years
Genius (née Rap Genius) wanted to “annotate the world” and give your content a giant comment section you can’t control. Now it can’t pay back its investors.
This study shows how people reason their way through echo chambers — and what might guide them out
“You really don’t know whether this person making a good-sounding argument is really smart, is really educated, or whether they’re just reading off something that they read on Twitter.”
Misinformation is a global problem. One of the solutions might work across continents too.
Plus: What Africa’s top fact-checkers are doing to combat false beliefs about Covid-19.