JPMorgan blocks access to Financial Times

Employees can still access the Financial Times’s site through personal devices, provided they respect intellectual property rights, says JPMorgan


The Financial Times was acquired last year by Japan’s Nikkei Inc. for $1.2 billion.
The Financial Times was acquired last year by Japan’s Nikkei Inc. for $1.2 billion.

JPMorgan Chase & Co., the biggest US bank, blocked computer access by its employees to the website of The Financial Times, citing “a potential copyright concern.”

The bank made the move last week, a spokeswoman for JPMorgan said on Wednesday in an e-mailed statement.

Employees can still access the newspaper’s site through personal devices, provided they respect intellectual property rights according to the bank’s code of conduct, according to the statement. She declined to comment further.

The Financial Times, which competes globally with Bloomberg News and other financial news publishers, was acquired last year by Japan’s Nikkei Inc. for $1.2 billion.

Publishers are increasingly limiting access to their websites to paid subscribers to make up for a decline in print revenue. The FT has orchestrated one of the more successful digital transitions, with more than 70% of circulation online, according to its website.

A representative for The Financial Times declined to comment.

The Times, a London-based newspaper, previously reported the move on Twitter. Bloomberg

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