Categories: OLD Media Moves

FT parent reiterates outlook for 2014

Pearson Plc, the parent of the Financial Times, reiterated its profit forecasts for this year but cautioned its expected earnings range could slip if the sterling remains at its current level.

Henry Mance of the Financial Times writes, “The FT’s paying readership rose 13 per cent year-on-year to 677,000. That included a 33 per cent rise in digital subscriptions, which now represent more than two-thirds of the FT’s total audience.

“Pearson said the FT now has more than 290,000 corporate digital subscribers, including more than 50 central banks. Nearly half of total online traffic to the FT and a fifth of new digital subscriptions now comes from mobile devices.

“‘The strong digital circulation growth offset continued weakness in print advertising, though the FT continued to take market share,’ Pearson said.”

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Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.