{"id":262003,"date":"2021-05-28T15:45:05","date_gmt":"2021-05-28T12:45:05","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/reuters-postpones-website-paywall-over-dispute-with-data-provider\/"},"modified":"2021-05-28T15:45:05","modified_gmt":"2021-05-28T12:45:05","slug":"reuters-postpones-website-paywall-over-dispute-with-data-provider","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/reuters-postpones-website-paywall-over-dispute-with-data-provider\/","title":{"rendered":"#Reuters postpones website paywall over dispute with data provider"},"content":{"rendered":"

“#Reuters postpones website paywall over dispute with data provider<\/strong>”<\/p>\n

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\"Reuters
\n Reuters News<\/a> says its new paywalled website launch has been delayed.
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Reuters News said it was delaying the start of its website paywall following a dispute with financial data provider Refinitiv, postponing what it had characterized as its most significant transformation in a decade.<\/p>\n

The agency, one of the largest news organizations in the world, is planning to charge for access to Reuters.com as part of a new digital subscript<\/a>ion strategy designed to attract business professionals.<\/p>\n

Editor-in-Chief Alessandra Galloni confirmed at a staff meeting that the launch, originally scheduled for June 1, had been paused, according to an article on the Reuters website.<\/p>\n

The report said the dispute with Refinitiv was “over whether the move would breach a news supply agreement between the two companies.”<\/p>\n

“We are still working through our plans,” a Reuters spokesman said in a statement, adding the website would remain in beta mode until they were finalized.<\/p>\n

“As we said last week, we are in ongoing and private discussions with LSEG Refinitiv about our business approach and products, and how we can enhance our offer to all customers.”<\/p>\n

Around half of Reuters’ revenues come from Refinitiv, a financial and market data firm it sold to private equity group Blackstone in 2018.<\/p>\n

Refinitiv entered into a 30-year contract with Reuters, paying around $325 million a year for its content.<\/p>\n

The London Stock Exchange (LSEG) bought Refinitiv for $27 billion in January. <\/p>\n

“Just as with any commercial agreement, there are ongoing and private discussions about our business approach and products,” a statement from LSEG said. <\/p>\n

“The foundation of our partnership is strong and we will continue to work together to deliver for all of our customers,” it added. <\/p>\n

When the paywalled website was announced in April, Reuters chief marketing officer Josh London described the move as “the largest digital transformation at Reuters in a decade.”<\/p>\n

Customers will pay $34.99 a month, the same as financial news competitor Bloomberg, for access to a revamped website, with subscribers gaining access to content not available to readers using the site for free.\n <\/p>\n\n

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Reuters website to go behind paywall\n <\/p><\/div>\n

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\n \u00a9 2021 AFP<\/p>\n

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Citation<\/strong>:
\n Reuters postpones website paywall over dispute with data provider (2021, May 28)
\n retrieved 28 May 2021
\n from https:\/\/techxplore.com\/news\/2021-05-reuters-postpones-website-paywall-dispute.html<\/p>\n

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\n part may be reproduced without the written permission. The content is provided for information purposes only.<\/p><\/div>\n<\/p><\/div>\n