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Aggregators win reprieve as FT abandons embargo. Factiva and LexisNexis fears allayed at the last minute, writes Mark Chillingworth.
The Financial Times has abandoned a move to delay feeds of its content to news aggregators until after noon on the day of publication.
The midday embargo was due to be implemented on 1 September, but a reprieve was won on the afternoon of 31 August after heavy lobbying from key aggregator partners, including LexisNexis and Factiva.
The news embargo was widely seen as being implemented to protect FT revenues, which have been struggling due to falling readership and advertising sales. Both aggregators had argued that the embargo would jeopardise FT revenues even further. The FT said it will review the situation later this year.
The embargo would have pressurised City and financial organisations - who traditionally access FT content early, particularly before the stock market opens at 6.30am - to take out an FT.com subscription.
But the aggregators - who pay Pearson Group, the FT's owners, for content delivered through their services - had been up in arms for some time. "Our ...
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Source: HighBeam Research, Aggregators win reprieve as FT abandons embargo. Factiva and...