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Article: Online services protest Dow plan to impose fees: financial sites are ticked off about paying for once-free ticker. (Dow Jones & Co. to charge for use of Dow Jones Industrial Average indicator)
- Article from:
- Advertising Age
- Article date:
- December 8, 1997
- Author:
CopyrightCOPYRIGHT 1997 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Financial sites are ticked off about paying for once-free ticker
Dow Jones & Co.'s plan to begin charging online providers for the use of its industrial average has caused a backlash in the financial community. Dow Jones faces resistance from financial service providers as wall as from the Financial Information Forum, which is spearheading a protest against the plan on behalf of its members. FIF has written letters of complaint to the Securities & Exchange Commission and to Dow Jones.
SITES SAY COST IS `TOO HIGH'
Under a plan announced late last month, Dow Jones will begin charging its online clients $1 per end user per month for its ...