Tag Archives: Financial Times

financial_times

Financial Times hires Stott, ex-Reuters

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Michael Stott, a former editor at Reuters who left earlier this year, is joining the Financial Times as UK news editor on Jan. 1.

In his role he will oversee the FT’s UK coverage in digital and print, leading a team of journalists at an important time for the UK economy and its place in Europe.

On his appointment, Stott said: “The FT has led the way in successfully and profitably moving its news, comment and global readership online. I am delighted to join this world-class publication at such an exciting time in its 125-year history and look forward to contributing to its future success.”

FT editor Lionel Barber said: “I am delighted to welcome Michael to the Financial Times. On the UK agenda are the 2015 general elections, a referendum in Scotland and questions over the UK and eurozone economies. Michael’s experience in breaking news and digital platforms will be invaluable to the FT’s coverage.”

Stott began his career in journalism in 1987 as a graduate trainee for Reuters in London. In his 26 years there he has held a number of positions including regional editor of EMEA, global news editor, global head of domestic news services, and editor UK & Ireland among others.

Current UK news editor Andrew Ward moves to the global role of pharmaceuticals correspondent.

Bill Richardson column

FT adds clarification to column after inquiry

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The Financial Times has added a clarification to a column by former U.S. energy secretary Bill Richardson that ran on Friday after Talking Biz News pointed out an undisclosed conflict of interest.

Richardson works as an adviser for an initiative that APCO is being paid to promote, and his affiliation with APCO – chairman of APCO Worldwide’s Global Political Strategies group – is not stated in the column.

In the column, Richardson touted the economic and geopolitical benefits of exporting U.S. natural gas, noting that Ukraine and Poland have a lot at stake.

The FT failed to disclose that Richardson works for APCO, a consulting firm that was hired for an estimated $330,000 to improve the image of a project for the construction of an LNG terminal in Ukraine.

You may read more about the assignment here. And Richardson’s bio on APCO’s website is here.

The clarification states: Bill Richardson is an adviser to Apco, which has in the past undertaken work for the Ukrainian State Agency for Investment.

mandatewire.com

MandateWire, an FT subsidiary, seeks entry level reporter

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MandateWire is an institutional investment newswire service providing coverage of contract wins, losses and opportunities in the asset management industry.

During the last 10 years, MandateWire has built an unrivaled reputation amongst money managers in North America and Europe as a provider of sales intelligence and analysis. It tracks the investment strategies and asset allocations of institutional investors and provides news, data and intelligence to its client base of over 250 money management companies.

The role involves conducting in-depth interviews with North American institutional investors and drafting intelligence reports for publication on our database and daily newswire. You will also be required to update an internal contacts database.

The successful candidate will gain experience working in an entrepreneurial and dynamic environment within a larger company, with the benefits of potential growth combined with stability. You will learn about the investment management industry and gain insight into the decision-making of senior executives with responsibility for billions of dollars. You will gain valuable interviewing skills and learn how to process, organize and deliver data in the most effective way.

MandateWire was acquired by The Financial Times Ltd in August 2009.

Please send resumes and cover letters to paul.odowd@FT.com.

Henry Blodget 2

In which Henry Blodget tries to hire an FT reporter

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Andrew Edgecliffe-Johnson of The Financial Times interviewed Business Insider founder and editor Henry Blodget, examining his past on Wall Street and the future of business news online.

Edgecliffe-Johnson writes, “His formula for Business Insider is a mix of instant comment on Fed announcements and iPhone launches with click-chasing lists and, increasingly, in-depth reporting. A slideshow of ‘the sexiest CEOs alive’ earned 2m views but 20,000-word profiles of Yahoo’s Marissa Mayer and AOL’s Tim Armstrong got as many clicks between them. This blend of lowbrow and highbrow is not unlike a newspaper, Blodget argues, where ‘the dining and motoring sections pay for the Iraq bureau.’ But, with headlines such as ’11 Elon Musk quotes that show his genius,’ is it prone to hype? ‘I have seen what it is like to be utterly savaged in the press. I have also seen what it is like to be absurdly lionised,’ he says. What he tells his team is that ‘somebody doing something stupid doesn’t make them an idiot.’

“In September, Blodget’s chief technology officer left abruptly after a blog pointed out his controversial tweets about feminism, poverty and race. What happened? ‘I’m going to stick with our statement,’ he replies, pointing to a boiler-plate line about the comments not reflecting Business Insider’s values. Had you not noticed his tweets months earlier, I ask? ‘We acted very quickly and decisively,’ he says. I suggest that he would not let his own reporters settle for such a non-answer: ‘You FT guys are incredibly excellent and trained interviewers… You’re hired!’ he laughs uncomfortably as our plates are cleared.

“In the angst-ridden news industry, Blodget stands out as a raging bull. The world is better informed than ever, he argues, and journalism is blessed by great new storytelling formats. He is confident digital economics can sustain serious reporting. While he predicts digital news networks will have ‘hundreds of millions’ of dollars in revenues in 10 to 20 years, for now Business Insider’s sales are a fraction of those at, for example, the Washington Post.

“The site has been profitable but has chosen to invest, he says, adding that the level of industry competition means ‘there desperately needs to be a lot more consolidation’ between digital news brands.”

Read more here.

John Ridding CNBC

Print is still important to the Financial Times

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John Ridding, CEO of the Financial Times Group, said his company’s print operations remains an integral part of its operation in an interview Thursday with CNBC.

“We have 629,000 people paying to read the FT across (all) channels. And that’s the highest it’s ever been in our 125-year history. More than half of that is digital, but print is still pretty important,” Ridding told CNBC on Thursday.

FinancialTimes

FT sees big drop in print circulation

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Domonic Ponsford of The Press Gazette in London reports that The Financial Times saw a large decrease in its print circulation in October.

Ponsford writes, “The 17 per cent drop to a global circulation of just over 240,000 a day came in the same month that the paper announced plans to have a small print-focused team and concentrate most editorial resources on digital.

“The FT currently has some 340,000 digital subscribers and sells just under 50,000 copies a day in the UK.

“Among the dailies The Guardian was the best-performing title in print (in relative terms), falling by 1.9 per cent year on year to just under 200,000 copies a day. On Saturdays it sold an average of 361,166.

“Guardian chief commercial officer David Pemsel said: ‘This shows our continued investment in print is being well received by our readers, especially heartening against a backdrop of a 20p increase in price for The Observer in September.”

Read more here.

Financial Times SalesForce

FT launches app for Salesforce.com

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The Financial Times launched Wednesday the FT news feed app on the Salesforce AppExchange, which allows more than 100,000 Salesforce customers to see FT headlines relevant to their clients, client’s competitors and market sectors.

The FT is the first news provider to create a news feed app for Salesforce.

The app is free to download from the Salesforce AppExchange and can be used on any desktop or mobile device running the site. It is fully integrated into Salesforce, meaning users will automatically see topical headlines and can click through to FT.com for the full story.

“Many of our corporate customers already use the FT as a way to improve their sales and account management performance, using FT content as a catalyst for conversations with prospects and customers,” said Caspar de Bono, managing director B2B, in a statement. “Successful sales organizations show the best way to secure business is to demonstrate a deep understanding of a customer’s business and sector, insight Salesforce customers can now receive easily and instantly through the FT News Feed App.”

The FT news feed app for Salesforce is the latest in the FT’s suite of mobile apps that bring FT content to our readers through whichever device or platform they choose. FT content can also be accessed through the flagship FT web app for iPad and iPhone, Android app or Windows 8 app.

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Biz media organizations win Eppys

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At least five business news organizations have won Eppy Awards, which recognize the best of online media, from Editor & Publisher.

CNNMoney.com was named the best business and financial website with more than 1 million unique monthly visitors. Crain’s Chicago Business received the Eppy for best business and financial website with less than 1 million unique monthly visitors.

The Financial Times won the Eppy for best investigative/enterprise feature on a website with more than 1 million unique monthly visitors.

The Financial Times also won the Eppy for best mobile website with more than 1 million unique monthly visitors.

Reuters won the Eppy for besty mobile application with more than 1 million unique monthly visitors.

See all of the winners here.

 

Dealreporter

Dealreporter seeks M&A reporter

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Dealreporter, an online news service that is part of the Financial Times Group, has an opening for a business journalist to join our team to cover high-profile deal activity.

As a generalist M&A reporter, your articles may range from a scoop on a company for sale to an analysis of why a conglomerate should be broken up. This role is entirely focused on enterprise/investigative reporting.

The right candidate needs to demonstrate a proven ability to generate original story ideas, make new sources and quickly pick up technical information. An established source book of corporate finance or M&A sources is preferred.

Applicants will be as happy reporting a story independently as working with a team of reporters based around the world.

If you are interested, please send your resume and cover letter to Jay Antenen, North America editor, at jay.antenen@dealreporter.com.

We will follow up with select applicants to request clips and schedule phone interviews.

This role is based in New York, but we will consider exceptional candidates interested in working from our bureaus in South Florida, San Francisco and Washington DC.

Dealreporter covers global M&A and other major corporate events for a sophisticated readership of investors. The online financial news service is part of the Mergermarket Group. You can follow us on Twitter @dealreporter.

FT app

FT’s digital subscriptions up 24 percent this year

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Pearson Plc, the parent company of the Financial Times, reported earnings on Wednesday and disclosed the following about the business newspaper:

  • Across print and online, the FT reached its highest circulation in its 125-year history at nearly 629,000, up 5 percent year over year.
  • The FT’s overall circulation growth was fuelled by digital subscriptions, up 24 percent to almost 387,000 for the first nine months of 2013.
  • Newspaper circulation has achieved profitability this year for the first time.
  •  The paper is seeing growth in digital and luxury advertising, including a 23 percent increase in mobile and 29 percent growth in video. HowtoSpendit.com advertising revenues grew 41 percent year over year for the first nine months.

The FT’s strong digital growth comes as editor Lionel Barber announced a redesign of the FT newspaper for 2014. His memo can be found here.