Categories: OLD Media Moves

Sunny days for the Financial Times

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.

“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.

Recent Posts

Dynamo hires former Business Insider executive editor Harrington

Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…

4 hours ago

Bloomberg TV hires Kerubo as desk producer

Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…

4 hours ago

Jittery CNBC staff reassured by new boss

In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…

4 hours ago

Making business news accessible to a wider audience

Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…

5 hours ago

Rest of World hires Lo as China reporter

Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…

5 hours ago

Bloomberg rises to No. 7 biz news website

Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…

5 hours ago