Dow Jones Says Cision Owes $174 Million in License Deal Spat (1)

Dow Jones & Co. is suing Cision US Inc. for bowing out of a novel, exclusive licensing deal in breach of what was supposed to be an eight-year-long contract, according to a complaint filed in New York state court.

Cision paid $8.8 million for the first year of the nearly $174 million contract that gave the media monitoring company the exclusive right to distribute Dow Jones proprietary information to public relations and corporate communications professionals, the complaint says. Last month, Cision allegedly told Dow Jones it would stop making payments because the partnership wasn’t economically viable and that it had ...