Dow Jones sues Ransquawk for 'hot news' misappropriation

Dow Jones has sued a London-based aggregation service, Ransquawk, for allegedly accessing its news feed and publishing its content within seconds of its original publication.The legal action - as reported by Reuters - accuses Ransquawk (Real-Time Analysis & News) of "hot news" misappropriation by taking a "free ride" on journalistic content that the originator spent time and expense to create.In its filing to the US district court in Manhattan, Dow Jones accuses Ransquawk of "nearly instantaneously cutting, pasting, and broadcasting" content from its DJX service, which includes news unavailable to the general public."Its business model is as simple as it is illegal," says the filing. By accessing such content without permission, and without its own reporting or analysis, Ransquawk can offer a "pirated product" to traders at a cheaper price,."We refuse to sit back when others swoop in to swipe our content," said Jason Conti, deputy general counsel of Dow Jones, a division of News Corp.Dow Jones is aiming to halt to further misappropriation and seeking damages of $5m (£3.04m).Reuters quotes Ransquawk's chief executive and founder, Ranvir Singh, as saying in a email: "Whilst we obviously strongly deny any accusations made against us by Dow Jones... we will only be in a position to make a full statement tomorrow."Sources: Reuters/Dow Jones/Wall Street JournalDow JonesMedia lawNews CorporationWall Street JournalUnited StatesRoy Greensladetheguardian.com © 2014 Guardian... Continue reading at 'The Guardian'

[ The Guardian | 2014-01-10 00:00:00 UTC ]
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Rupert Murdoch stepping down as chair of Fox and News Corp

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Four large US publishers sue ‘shadow library’ for alleged copyright infringement

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Book Fairs Will See An Increase In Censorship Attempts This Year: Book Censorship News, September 15, 2023

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News Corp gasses up ‘green’ fossil fuels in a series on future energy – but does it pass the sniff test? | Temperature Check

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Sony and other music labels sue Internet Archive for digitizing old records

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News Corp profits dive 75% as Rupert Murdoch-owned company hints at AI future

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