Tag Archives: Financial Times

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FT creates editorial complaints position

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The Financial Times is creating the position of “editorial complaints commissioner” to address issues with its coverage.

An editorial states, “The FT has been a longstanding member of the Press Complaints Commission, which is due to expire shortly. Readers will therefore no longer have recourse to the PCC as an independent service for dealing with complaints. In its place, we will set up a new mechanism to handle reader complaints in the event that they feel our internal procedures fail to provide an adequate response or redress.

“Two points are relevant here. First, our record at the PCC in recent years shows that in the overwhelming majority of cases the FT has been exonerated from criticism. Second, the FT is always willing to deal with complaints expeditiously and, if warranted, publish a clarification, correction or apology.

“Nevertheless, we recognise that we need to provide additional reassurances in the post-PCC world. We will therefore be creating a new position of editorial complaints commissioner. The remit and reporting line will be set out in a public advertisement in due course. The successful candidate will be appointed by a three-person committee and will be independent of the editor.

“In addition, the FT will continue to provide platforms for readers to comment on articles and participate in discussion with our reporters and commentators. We believe our conversation with readers around the world is important. Understanding what they need and value is vital to our success as a news organisation.”

Read more here.

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FT Business Book of the Year contest accepting entries

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The Financial Times Business Book of the Year contest is now accepting entries.

This annual award aims to identify the book that provides the most compelling and enjoyable insight into modern business issues, including management, finance and economics. The judges will give preference to those books whose insights and influence are most likely to stand the test of time.

The winner will receive an award of £30,000, and shortlisted authors will receive £10,000 each. A shortlist of up to six titles will be announced in early autumn, and the winner will be announced at an award dinner on Nov. 11, 2014 in London. Submissions are invited from publishers or bona fide imprints based in any country.

Titles must be published for the first time in the English language, or in English translation, between Nov. 16, 2013, and Nov. 15, 2014. There is no limit to the number of submissions from each publisher, provided they fit the aim of the award. Titles from all genres are eligible, but anthologies will not be considered. There are no
restrictions of gender, age or nationality of authors.

Authors who are current officers, employees or contractors of the Financial Times Group or McKinsey, or the close relatives of such officers, employees or contractors, are not eligible.

By submitting an entry for the award, publishers agree to these terms and conditions and acknowledge that failure to comply with them may result in disqualification.

To apply, go here.

Samual Brittan

FT’s Brittan retiring after almost 50 years

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After almost five decades at the Financial Times, economic commentator Samuel Brittan is retiring.

In a rare video interview, Brittan sat down with FT editor Lionel Barber to reflect on the biggest stories in the period, and his time at the newspaper.

FTD

FT keeps its English and Chinese operations separate in Beijing

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Nicole Levy of Capital New York writes that Geoff Dyer, the Financial Times‘s Beijing bureau chief from 2008 to 2011, explained Thursday night some of the best practices the paper has developed while reporting in the country’s restrictive media environment.

Levy writes, “For example: The F.T. keeps its English-language operation in a separate building from F.T. Chinese.

“‘As a general rule when I was in Beijing, I deliberately tried not to know what was going on with F.T. Chinese,’ Dyer said of the segregation. ‘I didn’t want to get in that kind of game where you’re self-guessing and questioning yourself and thinking the kind of things they have to think about whether they’re going to get blocked or not.’

“Western news organizations have grappled of late with how best to report on and in China, and the topic was front-of-mind for many on Thursday. Earlier in the day, Bloomberg L.P. chairman Peter T. Grauer had said his company is considering an end to its investigative efforts in the country. Sales of the company’s financial data terminals have fallen sharply in China since Bloomberg published a story in June 2012 about the family wealth of an incoming Communist Party chief.

“F.T. Asia editor David Pilling said that Chinese officials are generally ‘thick skinned’ to allegations made against them, ‘even when names are named,’ but the 2012 Bloomberg and New York Times stories that sparked backlash from the Chinese government did so because they irrefutably nailed their targets with public documents.”

Read more here.

FT app

FT has reached critical mass in digital

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Jasper Jackson of TheMediaBriefing.com interviewed Financial Times CEO John Ridding about its business model becoming more digital.

Jackson writes, “The FT has a compelling digital success story to tell, but is it of any relevance to the wider industry, most of which isn’t focused on serving a high-value business audience hungry for financial news?

“Ridding concedes that the Financial Times’ business focus gives it an advantage over other more generalist titles, but says that doesn’t mean its model isn’t going to work for more mainstream newspapers.

‘The majority of publishers in the US now have some sort of paid model. There’s different formulas and flavours of doing it, but the fundamental principle that you can charge, that it’s valid to charge, for content online is now accepted.’

‘It comes down to that very simple proposition that if you are producing something valuable that people are willing to pay for then you can charge for it. It could just be a brand attachment, a sort of loyalty, but that’s pretty valuable stuff.’

“Ridding says the FT’s metered access model, which built on the charging system introduced in 2001, to allows access to a number of articles for free before asking people to subscribe, won’t emerge as the only way newspapers can make money in a digital environment. However, he is skeptical about attempts to rely on entirely open, mostly ad-funded models such as the Guardian’s, or the stricter all-or-nothing approach to charging adopted by News UK at the Sun and The Times.”

Read more here.

FT Flipboard

Digital content now more than half of FT’s revenue

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The Financial Times Group released financial information for 2013 on Friday that showed that digital and services revenues accounted for 55 percent of FT Group revenues, up from 31 percent in 2008.

Content revenues comprised 63 percent of revenues, up from 48 percent in 2008, while advertising accounted for 37 percent of FT Group revenues, down from 52 percent in 2008.

In addition, the FT’s total circulation grew 8 percent year-on-year to 652,000 across print and online, the highest paying readership in its 126-year history.

FT.com digital subscriptions grew 31 percent to 415,000, more than offsetting planned reductions in print circulation. Digital subscribers now represent almost two-thirds of the FT’s total paying audience and corporate users grew nearly 60 percent to more than 260,000.

FT digital content revenues exceeded print content revenues in 2013 for the first time.

Mobile is an increasingly important channel for the FT, driving 62 percent of subscriber consumption, 45 percent of total traffic and almost a quarter of new digital subscriptions, according to the company.

The FT’s flagship web app now has more than 5 million users and new FT apps on Google Newsstand and Flipboard have strengthened our mobile offering. Other innovations, including launching 24-hour news service fastFT, redesigns to mobile apps and improvements to FT.com, have helped significantly increase overall digital engagement.

Matthew Garrahan

FT names new media editor

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The Financial Times announced Tuesday the appointment of Matthew Garrahan as its global media editor, overseeing coverage of media, marketing and entertainment.

He was previously the FT’s Los Angeles correspondent, covering Hollywood, digital media and West Coast business and politics.

Garrahan will assume the role on 1 February and will relocate from Los Angeles to New York in the summer, where he will lead a global team of correspondents, ensuring the FT remains a must-read source of news, analysis and comment on the business of media and entertainment.

“Matt has been an outstanding reporter in Hollywood for the FT, consistently delivering front page scoops and deeper reportage on the entertainment industry,” said Lionel Barber, the editor of the FT, in a statement. “He is a highly respected media observer and his move to New York as the FT’s media editor is a natural next step. He will be a superb leader in this vital beat.”

Since joining the FT in 1998, Garrahan has reported on the business of sport, leisure industries and the convergence of media and the web. He won the Los Angeles Press Club prize for best business story in 2013, best entertainment news story in 2011 and best news story in 2008. He was a finalist for a 2010 Mirror Award for excellence in media reporting.

Garrahan replaces Andrew Edgecliffe-Johnson, who became the FT’s U.S. news editor in October 2013.

FT Flipboard

The FT and its digital strategy

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Graham Hinchly, the engineering manager at FT Labs, writes about the business newspaper’s digital first strategy and the technology behind it.

Hinchly writes:

Clearly at the FT, we decided that the advantages of a Web app outweighed the advantages of a native app, and we still believe this is the case.

The Web app is a key part of our strategy, and we invested significantly in it in 2013, fundamentally re-architecting and re-designing the app to give us a product that we can continue to innovate and build on.

For me, two lessons stand out, which I think are applicable to any news or media organisation, regardless of size.

Firstly, the success of the Web app has proved to be a vital component in moving the FT to a “mobile-first” approach (although this journey is not yet complete). Encouraging people throughout the organisation to participate in trials of new versions of the Web app has been a particular success for us, engaging a much wider variety of people with mobile and digital.

Whether you’re at a point where you’re advocating “digital-first” or “mobile-first” in your organisation, it’s important that someone is responsible for advocating this throughout the organisation. Developing an innovative product in-house makes this job much easier.

Read more here.
FundFire-Logo

FT’s FundFire seeks reporter in New York

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FundFire, the leading publication covering the U.S. institutional and high net worth investment management industry, is seeking a reporter to join its team of talented, motivated editorial staff.

The reporter will provide in depth coverage of investment managers that manage and market institutional investment products to pensions, foundations, endowments and insurance companies.

The reporter will be based in the New York offices of Money-Media, a company belonging to the Financial Times, which owns and operates the FundFire service.

Qualifications/Attributes

  • Passion for delivering readers fresh news and sophisticated insights
  • In-depth experience in beat reporting and in writing longer analytical articles
  • Experience with content in multiple formats (e.g. photo, video, charts & graphs, etc.) and reworking stories from concept to publication
  • Excellent editorial judgment
  • Attention to detail
  • Ability to work in a team environment and productively collaborate with other journalists.

To apply, go here.

 

FinancialTimes

FT seeks statistical journalist in London

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The editorial statistics team at the Financial Times has a vacancy, initially for a three-month trial period, with a view to a more permanent position.

The correct use of data and statistics is central to the FT’s reporting. The statistics desk works with every part of the editorial department, across all platforms, with increasing emphasis on interactive packages and videos. We are looking for somebody with a background in economics, preferably educated to degree level.

Experience with databases (eg Bloomberg, Datastream, Reuters) would also be desirable, although training will be provided.

In addition the applicant would need:

  • A high level of general knowledge about the FT’s core subjects, intellectual curiosity, and the desire and ability to become familiar with new topics, often at very short notice
  • Knowledge of basic statistical techniques, experience of analysing large datasets and of presenting data in graphical form
  • Excellent communication skills
  • Attention to detail – since accuracy is the basis of the FT’s reputation
  • The ability to manage time effectively, to cope with tight deadlines As well as working with writers and reporters to bring their ideas to fruition, the successful applicant would be expected to generate and research their own ideas and work alongside colleagues in graphics and interactive. There will be opportunities to write, especially on the FT’s data blog. We also have ambitions to increase the number of data centred projects

Applications, with an accompanying CV, should be sent to the Managing Editors office at jobs.editorial@ft.com by Jan. 30.