An executive of Pearson Plc, the parent company of The Financial Times, said at a conference that the company believes that News Corp. CEO Rupert Murdoch´s planned changed to The Wall Street Journal will help it gain more readers in the United States, according to a Reuters story.
Gavin Haycock wrote, “Should the Journal become free and pursue a more generalist route in the United States, making it more of a competitor for the New York Times then ´that takes the newspaper out of our space, frankly,´ said (finance director Robin) Freestone.
“´We will remain a high-end niche product focused on the business community and we will continue to charge for ft.com.´
“The Murdoch threat depends on how much gets spent, he added.
“´If obviously a lot of money is spent investing in rolling out a continental edition and a national edition of the paper that will certainly be into our market space and we would have to watch that very carefully,´ Freestone said.”¨
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