Judge Issues $5 Million Award To Dow Jones In Hot News Case… But It's Meaningless

from the hot-news? dept

In January, we wrote about Dow Jones suing Ransquawk, a UK-based service that sends out news alerts to clients. Dow Jones used the antiquated and obsolete concept of “hot news” misappropriation, since there was no actual copyright claim to be made. For years, we’ve discussed the problematic nature of the hot news doctrine, which some news companies just can’t let go of using. In May, we noted that Ransquawk basically ignored the legal process (though it had publicly commented on the lawsuit), leading to a default judgment against Ransquawk. That’s what happens when you don’t show up in court. This week, the judge officially awarded Dow Jones $5 million in the case, which is again fairly meaningless. In theory, Dow Jones can go after Ransquawk for the money, but it doesn’t appear that it has any US-based assets to attack.

While some who don’t follow the details and don’t understand the nature of a default judgment may make a bigger deal of this, the ruling is kind of meaningless since there was no actual adversarial process here. But, really, the bigger issue is that hot news is just a concept that needs to go away. In an age of social media sharing, retweeting, forwarding, reposting, etc., the idea that someone can claim some sort of exclusive ownership over “breaking” news is just silly and pointless. If your entire value is wrapped up in being a few minutes ahead of the competition, and you can’t stand someone repeating the news that you were still first in getting out, you’ve got other, much more serious problems with your business model.

Filed Under: , , , ,
Companies: dow jones, ransquawk

Rate this comment as insightful
Rate this comment as funny
You have rated this comment as insightful
You have rated this comment as funny
Flag this comment as abusive/trolling/spam
You have flagged this comment
The first word has already been claimed
The last word has already been claimed
Insightful Lightbulb icon Funny Laughing icon Abusive/trolling/spam Flag icon Insightful badge Lightbulb icon Funny badge Laughing icon Comments icon

Comments on “Judge Issues $5 Million Award To Dow Jones In Hot News Case… But It's Meaningless”

Subscribe: RSS Leave a comment
10 Comments
That One Guy (profile) says:

To destroy a bad law, simply apply it equally

If the legal system wasn’t a ‘pay to win’ one, the idea of ‘Hot news’ would likely be destroyed right quick.

Just a few cases of individual bloggers or smaller news groups stopping the major news agencies from reporting on something big and you can bet they’d suddenly be crying out about ‘unfair’ it was that individuals could stop others from reporting on the news, and calling for ‘Hot news’ laws to be tossed(or simply re-written in their favor).

OldGeezer (profile) says:

Breaking stories are often wrong

News organizations compete with each other to make the big scoop and this causes them to jump to conclusions before the details are fully confirmed. Once the first news channel or paper takes the risk everyone else jumps in and reports the same sketchy story. This has led to many sources wrongly reporting the death of a celebrity or spreading spoof news stories and making asses of themselves.

Anonymous Coward says:

Re: Domain name is vulnerable

…which is why everybody outside the USA should use only domains under their own country’s ccTLD. If you must have a .com, make it a 301 Permanent Redirect to the equivalent under your country’s ccTLD (301 makes Google points its search results to the redirect target).

Add Your Comment

Your email address will not be published.

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...
Loading...