Quasi-property is a legal concept, in which some rights similar to ownership may accrue to a party who does an act which benefits society as a whole. Black's Law Dictionary defines "quasi" as being "almost" or "resembling" - but not actually the same as the suffix item. Black's Law Dictionary (2nd Pocket ed. 2001 pg. 576).
Nonetheless, the Court recognized an interest in the news distributor of information they had researched and gathered. A traditional property right would have granted the AP a right to exclude others from the content of their news stories good for all time and against everyone. The court described this new right as quasi-property because it only granted them the power to exclude their competitors for a limited amount of time from the substance of their articles. The general public had free rein to distribute the subject matter of the news without restriction. Creation of the new right was justified as protecting the AP from the "unfair competition" of a party who was reproducing the information and attempting to profit by distributing it faster than the creator.
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