NEW YORK. Dow Jones & Company and Cision have settled a claim that the PR software and services provider reproduced Dow Jones' news content without authorization.
Dow Jones accused Cision of copyright infringement for its reproduction and distribution of articles from publications such as The Wall Street Journal, Barron's, and SmartMoney to Cision subscribers. The companies agreed to settle the claims without litigation, but did not specify the terms of the deal.
Cision first said it was facing copyright infringement claims on March 8, though it did not specify Dow Jones as the claimant at the time. Former Cision North America CEO Joe Bernardo stepped down on March 1.
As a result of the settlement, Cision will no longer redistribute full-text articles from Dow Jones, instead referring subscribers seeking them directly to the publisher.
“Only a fraction of customers are impacted by the removal of Dow Jones content from the Cision platform,” said Peter Granat, CEO of Cision North America. “We're focusing our energy on customers and the business.”
Cision said in a statement to investors that the settlement and other legal fees will affect its second-quarter financial results that will be announced in July. Cision works with Stockholm-based firm Fogel & Partners on investor relations.
A representative from Dow Jones declined to comment on the settlement.
“This settlement is another reminder that only paying customers enjoy full access to Dow Jones' highly valuable journalism, and anyone who free rides on our content will face serious financial repercussions,” said Dow Jones general counsel Mark Jackson, in a statement.