Reuters News has bowed to pressure and delayed plans for a website paywall after its main customer Refinitiv, a data provider owned by the London Stock Exchange Group, complained the move would breach their news supply agreement.
The decision to postpone charging for Reuters.com, which was planned for June 1, reflects growing tensions over how the Thomson Reuters division is delivering its 30-year deal to provide news for Refinitiv.
Earlier this month David Craig, the departing head of the Refinitiv, warned Reuters the paywall was not permitted under their agreement and would cause Refinitiv “significant loss and material and irreparable harm”, according to a letter leaked to MarketWatch.
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