Pearson picked Nikkei due to culture fit with FT
Pearson selected Nikkei as the buyer of the Financial Times because of the ability of the two business newspapers to combine the culture and due to their similar editorial independence, writes Kelsey Sutton of Capital New York. Sutton writes, “Considerations to sell F.T. began last year among Fallon, Ridding, and F.T. editor-in-chief Lionel Barber amidst […]
Nikkei to acquire Financial Times
Japanese newspaper Nikkei will acquire The Financial Times from London-based publisher Pearson PLC, the companies confirmed Thursday. Nathan Bomey and Roger Yu of USA Today write, “The move comes as Pearson is seeking to focus on its larger education unit that sells textbooks and online learning tools for students and teachers. “Nikkei confirmed that it agreed to pay […]
FT: Pearson in talks to sell Financial Times to Axel Springer
Pearson is negotiating to sell the Financial Times to German publisher Axel Springer, reports Henry Mance, Arash Massoudi and James Fontanella-Khan of the Financial Times. Mance, Massoudi and Fontanella-Khan write, “The negotiations may not lead to a sale, according to the people close to the situation. Nikkei, the Japanese media group, has also had discussions […]
How much is the FT worth, and who would buy it?
Ken Doctor writes for Nieman Journalism Lab about the prospects for a sale of the Financial Times to a new owner. Doctor writes, “Let’s get back to our opening question, the relative value of the FT compared to business news startups. One big difference, of course, is revenue: The FT brings in more than £700 […]
Financial Times seeks reporter for fastFT
The Financial Times is looking for a reporter to join fastFT, its breaking news and analysis service. This position is based in New York. fastFT reports on markets, companies, economic data and politics. The role requires the ability to write clearly and quickly across a range of subjects. The position would suit someone who thrives […]
Pearson to explore sale of Financial Times
Pearson Plc is exploring a sale of the Financial Times after receiving interest from potential buyers, according to a Bloomberg story. Kristen Schweizer, Manuel Baigorri and Ruth David write, “London-based Pearson is sounding out possible bidders for the salmon-colored newspaper, said the people, who asked not to be identified because the deliberations are confidential. A […]
NY Times hires FT’s housing/construction reporter
Elizabeth Paton, who has been covering housing and construction for the Financial Times, has been hired by the New York Times to cover fashion in Europe. Here is the announcement from Stuart Emmrich, editor of the Styles section: I am very pleased to announce that Elizabeth Paton, currently a reporter at The Financial Times, will […]
Alison Smith leaving the Financial Times
Alison Smith, a reporter at the Financial Times, is leaving the business newspaper after more than 20 years. Smith is the FT’s chief corporate correspondent. Her positions at the paper have included political correspondent, financial services correspondent, Lex writer, UK companies editor and, most recently, leader writer. “At the moment I am intending to leave […]
FT facing uncertain future, more competition
Christopher Williams of The Telegraph writes about the future of The Financial Times due to shifting consumer needs. Williams writes, “But there are also downsides to this embrace of a business to business subscription model, as opposed to one reliant on consumers and end-users footing the bill. “Together with this shift to a more global […]
FT: People are willing to pay for excellent content
Joseph Lichterman of Nieman Journalism Lab interviewed Renee Kaplan, the Financial Times‘ new head of audience engagement, about her job. Here is an excerpt: Lichterman: The FT has a paywall, and I’m curious how that affects the way you approach engagement. Does it limit the way you think about social, for instance? Kaplan: The paywall […]
