Gannett Joins LOT Network to Protect Digital Asset Products from Patent Litigation
December 05 2023 - 9:00AM
Business Wire
Gannett Co., Inc. (NYSE: GCI) today announced joining LOT
Network, the largest patent licensing platform and non-profit
community of global companies working to protect its members
against litigation brought on by patent assertion entities (PAEs).
The LOT Network community is committed to safeguarding members
against frivolous PAE litigation.
Members of the LOT Network agree that if, and only if, a
member’s patent asset falls into the hands of a PAE, other members
are granted a license to that patent – rendering them immune to a
PAE lawsuit using that same patent. LOT Network members include
global industry leaders and innovative up-and-coming startups
committed to long-term protection against PAE litigation.
“Protecting our brand against PAE lawsuits is crucial to keeping
our resources focused solely on innovation and driving revenue,”
said Polly Sack, Gannett Chief Legal Counsel. “Gannett is joining a
network of members that believe the patent process is integral to
the ongoing protection of a company and is essential for future
growth and development.”
Gannett’s membership in LOT will reduce litigation risk and
costly patent-troll lawsuits, allowing the company to focus on
developing innovations that further strengthen its position as a
digitally-focused media industry and marketing solutions
leader.
“We’re thrilled that Gannett joins our more than four thousand
members in protecting innovation,” said Ken Seddon, CEO LOT
Network. “Their membership signals to the market not only their
proactive approach to IP, but their commitment to protecting the
media ecosystem.”
ABOUT GANNETT
Gannett Co., Inc. (NYSE: GCI) is a subscription-led and
digitally-focused media and marketing solutions company committed
to empowering communities to thrive. With an unmatched reach at the
national and local level, Gannett touches the lives of millions
with our Pulitzer Prize-winning content, consumer experiences and
benefits, and advertiser products and services. Our current
portfolio of media assets includes USA TODAY, local media
organizations in 43 states in the U.S., and Newsquest, a wholly
owned subsidiary operating in the United Kingdom with more than 150
local news media brands. Gannett also owns digital marketing
services companies branded LocaliQ, and runs one of the largest
media-owned events business in the U.S., USA TODAY NETWORK
Ventures. To connect with us, visit www.gannett.com.
ABOUT LOT NETWORK
LOT Network is an international community of the world’s leading
high-tech companies committed to protecting its members from costly
litigation from patent assertion entities (PAEs). LOT Network
currently protects more than 3,500 members in 56 countries from
litigation from over 4 million worldwide patents and counting.
Members include market leaders such as IBM, Toyota, JP Morgan
Chase, Canon, Google, Tesla, Disney, Cisco, Amazon, Microsoft, BP,
Alibaba, and Dow, as well as innovative companies across all
high-tech industries.
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Lark-Marie Anton Chief Communications Officer (646) 906-4087
lark@gannett.com
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