Byers writes, “Several Nikkei board members have grown impatient with the Financial Times’ economic performance and a pushing for consideration of a sale, according to three sources with knowledge of the matter. The Japanese holding firm bought the FT nearly a decade ago for 844 million pounds, or $1.32 billion, but it has “never really met expectations,” one source with knowledge of the business said. (FT spokespeople declined to comment.)
“Obviously, there would be no shortage of interested buyers on both sides of the Atlantic: Jeff Bezos? Mike Bloomberg? Mathias Dopfner? (Axel Springer once lusted after the FT. Losing out on the property may have helped turn its deal team toward acquiring Henry Blodget’s Business Insider.”
Read more here.
Ken Brown of The Wall Street Journal is leaving the news organization. He is an…
Dow Jones News Fund President Brent W. Jones announced at the nonprofit journalism training organization’s…
Jillian Ward, managing editor for U.S. technology at Bloomberg News, sent the following note to…
Rick Berke, a co-founded and executive editor of STAT News, writes about the importance of…
Thomas Maxwell has joined Gizmodo as a tech reporter. He previously was at Business Insider covering…
Banking Times has acquired the domain name "The New Fiver" for an undisclosed amount, aiming…