OLD Media Moves

Why the FT invested in the Business of Fashion

Jessica Davies of Digiday interviewed Financial Times CEO John Ridding about why it bought a stake in the Business of Fashion.

Here is an excerpt:

What strategic benefits does taking a minority — rather than controlling — stake in Business of Fashion bring for the FT?

Ridding: We’ve been getting to know Business of Fashion for a number of years. It’s growing well and has a similar reader revenue model to us. It also aligns with the FT’s broader strategy. We have been working to develop a series of specialist premium subject areas because we think that must-have information is crucial to our global audiences. We’re fairly flexible about how we pursue that strategy. We develop our own, home-grown specialist verticals like “Due Diligence,” [and] we’ve also made acquisitions and also partnerships, which in this case is how we’re going about it.

Read more here.

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.

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