Reuters to Restrict Online Business News

(sub. req.): reuterslogo.gif
Seems like Reuters has heeded to my badgering…In a move bound to raise controversy (not because it is a controversial move in itself, but that Reuters’s stories online have become public domain, in some senses), Reuters is now telling distribution partner Yahoo and the others that it’s changing the way it sells its financial news to sites with a view to eventually offering much of its most in-depth or high-profile news on a subscription-only basis. The news follows Reuters’ announcement earlier last month to start monitoring websites for copyright violations

The first step: Reuters soon will allow only its latest top financial-news stories and corporate-news headlines to appear on rival sites. To read most articles, readers will have to click on a link to Reuters’s own Web site, reuters.com. Within the next year or so, some of that information — such as material designed to help monitor companies or interviews with top business figures — will be available by subscription only…The new strategy takes effect June 1.

Terra Lycos and CBS MarketWatch are likely to drop Reuters’s news following this change…

No changes will be made to the political/general news, where it will still rely on syndication revenues, as usual…

Related:

Reuters Position on Linking From Blogs

Reuters Benefited By Yahoo Partnership?

Reuters Raw Video To Remain Free for Now

Comments have been disabled for this post