OLD Media Moves

Sunny days for the Financial Times

February 17, 2006

The Press Gazette newspaper in England reports: “The Financial Times has ended its threeyear freeze on hiring new editorial staff, finally providing some good news for journalist job-hunters.

Financial Times“Press Gazette has learned that the Pink ‘Un will definitely move into profit for the first time since 2001 when parent company Pearson announces its full-year results next month.

“And the paper is expected to enjoy another period back in the black this year.

“The FT news follows heavy editorial job cuts announced across the UK newspaper industry in recent months after a tough advertising market and economic slowdown in 2005.

“But according to an FT spokesman: ‘The market is picking up and that time is right to bring in new talent from outside. The hiring freeze was for a very specific period during the most powerful business advertising recession we’ve seen.

“‘We are still keeping our belts pretty tight, but we have always said when the market did begin to pick up we would start to bring in some talent from outside.'”

Read the entire article here.

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