Not long ago, The Financial Times would have been the crown jewel of any media company, instantly conferring prestige and influence on its owner. Now, given the likely bidders, one of the world’s most respected and distinctive financial newspapers could end up as a trophy to help sell more computer terminals.
Pearson Plc (PSON) is planning to explore a sale of the Financial Times newspaper as the company focuses on its faster-growing education business, people with knowledge of the situation said.
Pearson Plc (PSON) Chief Executive Officer Marjorie Scardino will step down after 16 years and be replaced by the head of its international education business, spurring speculation the company may sell the Financial Times newspaper.
John Fallon, 50, will replace Scardino, 65, starting January 2013, the London-based company said today. The first female CEO of a major U.K. company, Scardino was made a Dame of the British Empire in 2003 and almost tripled Pearson’s sales during her tenure.
Five years ago I recall listening to the Financial Times's chief executive, John Ridding, as he outlined his paper's digital strategy. It was under way by then, of course, but the FT was moving faster and more enthusiastically than many papers - including its major global rival, the Wall Street Journal.
In practical terms, the FT's transition from print to screen was highlighted by its integration of print and online operations. And the year before the FT had launched its live financial markets blog
The Financial Times’ digital subscribers surpassed its print customers for the first time, marking a milestone that the New York Times and other newspapers with so-called paywalls are aiming to reach.
The newspaper’s digital subscribers grew 31 percent to 300,000 paying readers, compared with a year ago, Financial Times owner Pearson Plc (PSON) said today. Total circulation, including print, increased to almost 600,000.
“Our growth in this tough climate reflects the measures we took early on, especially to build our content revenues and to drive digital and mobile delivery,” Chief Executive Officer John Ridding said in a statement.
It sounds like the setup for a very old, stale joke. Three guys walked into a bar in Brooklyn to complain about the state of journalism ... except by the time these guys were done chatting and plotting, they had come up with an actual business.
That business is The Atavist, which helps produce multimedia storytelling for digital devices. Last week I found out that the idea was appealing enough to have attracted $1 million of what will eventually be $1.5 million in seed money.
Already one of the biggest box-office hits of all time, Marvel’s The Avengers opened this past Friday after months of heavy promotion and ubiquitous advertising, as well as years of build-up through a string of Marvel Studio’s superhero blockbusters including Iron Man, Captain America: The First Avenger and Thor. To coincide with the film’s release, Disney and Marvel worked together to offer a variety of official tie-in material
The Financial Times is still signing up new digital subscribers, but at the slowest rate since iPad lit up its business model in mid-2010.
It attracted 17,000 new digital subscribers in the final three months of 2011, parent Pearson (NYSE: PSO) reported on Monday (total now 267,000). That is 6.8 percent more subscribers than it had in November - the smallest quarterly growth rate it has posted since iPad’s launch.
Apple introduced its newest additions to the iFamily: iBooks 2, iTunes U and iBooks Author at a press event at New York’s Guggenheim Museum on Thursday.
The Magazine Innovation Center at The University of Mississippi’s Meek School of Journalism hosted the ACT 2 Experience last October. We asked 17 media experts who attended the ACT2 Experience their opinions about the future of the printed word in a digital age. Click on the link above to watch and listen to the experts’ answer to the question “What is the future of the printed word in a digital age?”