Tag Archives: Financial Times

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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.

Rebecca Heptinstall

Social media and the Financial Times

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Timothy Gibbon of SMP.com interviewed FT.com’s social media manager Rebecca Heptinstall, who shares tips on social publishing and brand reputation.

Here is an excerpt:

SMP: How many are in the social media team at the FT?

RH: We have three staff dedicated full-time to social media including two in editorial: our communities editor Sarah Laitner and social media journalist Maija Palmer. We also have a social media strategy team comprised of around eight managers from different parts of the business. We get together regularly to discuss new projects and technology.

SMP: How does the FT manage social media after hours and over the weekend?

RH: The global communications team operates on a rota basis at weekends, so we’re always keeping an eye on what’s happening 24/7. We also have a weekend editor who selects content for our social networks on Saturdays and Sundays.  However, working in social media and having a smartphone or tablet, means you never really switch off.  It’s just not a 9am-5pm job.

SMP: What are the low moments of what you have been doing so far?

RH: There aren’t many. We’re so guided by the news agenda, it means that no day is ever the same, which can be challenging, but exciting.

Read more here.

Ed Hammond

FT names Hammond its U.S. M&A reporter

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Ed Hammond is the new mergers and acquisitions reporter in the United States for the Financial Times.

Hammond previously worked for the business newspaper in London as its property correspondent. He is now based out of New York.

He took over the property job in 2011 and is responsible for the FT’s coverage of commercial and residential real estate stories world wide. He also wrote the fortnightly Perspective Column for the FT Weekend’s House and
Home.

Hammond started is career in journalism as a graduate with the FT in 2007 and has worked as a reporter in a number of different sectors, including capital markets and heavy industry.

He has a degree in English literature and an MA in print journalism.

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FT seeks Asia editor for MandateWire

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MandateWire is a successful subscription publication that tracks and analyses the investment activities of institutional investors in Europe, North America and Asia.

The Editor for MandateWire Asia, based in Hong Kong, will report to the Managing Editor of FT Asset Management. The Editor will be responsible for the day-to-day management of the team of reporters and will contribute content as well. The reporters’ responsibilities include conducting in-depth interviews, drafting intelligence reports for publication on our database and daily newswire, and keeping the internal contacts database up to date.

This is a broad role that includes performance management of the team, sending the email alerts, editing news and reports, and working closely with the European and North American editorial teams to collate the quarterly and annual Deal Flow report.

The successful candidate will be fluent in English and preferably of the following languages: Mandarin, Japanese or Korean. Other useful languages include Cantonese, Thai and Malaysian.

Main Duties and Responsibilities

  • Generate news stories, chase news leads, write content for Deal Flow in conjunction with the Editorial Researchers
  • Edit all reports prior to their being posted on MandateWire Asia
  • Send out email alerts
  • Manage the team of reporters with a key emphasis on performance management and motivation
  • Ensure reporters are meeting the required expectations for numbers of stories and inputting of data
  • Coordinate the implementation of strategies agreed by senior management
  • Other duties will include managing the day-to-day newsroom operations, editing materials in various stages of development for accuracy, tone and appropriate style as well as the on-going training / support of the reporting  staff

PERSON SPECIFICATION

Experience:

  • Reporting and editing experience preferably within the money management/finance sector
  • Conducting interviews with senior professionals and cold calling
  • Managing a team, including hiring, setting  objectives,  performance management,  conducting appraisals
  • Knowledge of the institutional money management industry

Skills:

  • Fluent English and one or more of the following:  Mandarin, Japanese or Korean.
  • Excellent communication skills and a professional telephone manner. The role involves speaking with senior institutional investment decision makers; the ability to create a rapport with these contacts is essential.
  • Ability to analyse large amounts of data and identify relevant material.
  • Superb organisational skills to manage time  effectively, scheduling calls, inputting data and meeting all deadlines.
  • Good level of computer skills. Knowledge of  Microsoft Word and excel are a must along with a basic knowledge of HTML.

Attributes:

- Well organised

- Polite and confident telephone manner

- Knowledge of financial terminology

- Confident and able to perform under pressure to daily deadlines

- Eye for detail – both for editing stories and sifting through large amounts of data in annual reports

- Ability to multi-task

To apply, please send resume and cover letter to Eduardo Llull at eduardo.llull@ft.com.

Please note this is a local hire thus local terms and conditions shall apply.

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A financial news CTO explains his job

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Martin Bryan of TheNextWeb.com interviewed John O’Donovan, the chief technology officer of The Financial Times, about his job.

Here is an excerpt:

Anything else you can tell us about what you’re working on?

Our editorial team are continually exploring different ways to tell a story using data, providing a richer level of analysis by proving it or disproving it with data, interactive or graphics. We second some of our front-end developers from the IT department to the newsroom, allowing us to support our editorial skillset.

Community and social is of course an area we want to do more in. The FT uses social media to build communities and deeper relationship with readers, for example using Facebook to ask followers in Brazil what they thought would stop the protests there and selecting some of their answers for use on ft.com. We encourage readers to connect with our content and our journalists to reply to readers comments. We run polls on ft.com, host Twitter chats and choose readers’ comments to appear in a dedicated box on the ft.com homepage.

Technically we are investing in hybrid models for using cloud in a sensible and sustainable way. I’ve used a lot of cloud services and am now into a mature phase of looking at what works best in a way that spans the infrastructure options available. It is still an immature market.

There are also some exciting opportunities in working closer with (FT parent company) Pearson which are playing to the strengths of both brands.

Read more here.

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Lionel Barber, editor of FT, on changes at the paper

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Here is the full memo from Financial Times editor Lionel Barber on changes at the paper:

We are now ready to take the next steps in our successful “digital first” strategy. This is an exciting but also challenging opportunity for all journalists at the Financial Times. It means changes in work practices, a further shift of resources to ft.com and a significant reshaping of the newspaper.

Our plan is to launch a single edition, global print product in the first half of 2014. The new FT will be redesigned and updated to reflect modern tastes and reading habits. It will continue to exude authority and quality, delivering a powerful combination of words, pictures and data to explain the most important issues of the day.

The new FT will be a better paper to suit the times. It will remain a vital part of our business, contributing significant advertising and circulation revenues. But, crucially, it will be produced differently and more easily. The changes will impact the structure of the newsroom – and the way we practise our journalism.

Here are some pointers:

First, the 1970s-style newspaper publishing process – making incremental changes to multiple editions through the night – is dead. In future, our print product will derive from the web offering – not vice versa. The new FT will be produced by a small print-focused team working alongside a larger integrated web/day production team.

Second, the structure of our planned single edition, possibly single section newspaper means minimal late evening changes and more templating of standard pages. We will however retain flexibility for a tailored UK edition with UK news pages. Our main design effort will focus on “show pages” with accompanying rich data and graphics.

Third, our news editors and reporters will shift further away from reactive news gathering to value-added “news in context”, while remaining faithful to the pursuit of original, investigative journalism. News editors will need to do more pre-planning and intelligent commissioning for print and online. This will require a change in mindset for editors and reporters but it is absolutely the right way forward in the digital age.

Overall, these changes will mean that much of the newspaper will be pre-planned and produced. Production journalists will publish stories to meet peak viewing times on the web rather than old print deadlines. The process will be akin to a broadcasting schedule. Where once we planned around page lay-outs, we will now adopt a news bulletin-style approach.

Finally, the changes in newspaper production will require further changes in working practices. I understand that this will challenge those long been used to late evening work. But as we move into the next phase of digital first, colleagues need to make informed choices about their careers at the FT and where opportunities lie.

We will need to move more resources from late evening to day and from afternoon to morning, notably in London. Production journalists will be digitally focused. Online, we will concentrate on smart aggregation of content from our own journalists and third parties. However, the emphasis online will be on articles rather than section pages.

FT journalism must adapt further to a world where reporters and commentators converse with readers. Our goal must be to deepen engagement and ensure we meet readers’ demands whenever and however they turn to us for breaking news and quality analysis. FastFT, one of our most successful innovations this year, has shown our determination to do just that. More is to come.

Our approach to the newspaper and ft.com is a logical extension to the changes we have made in the newsroom over the past decade and more. Thanks to these changes, the FT has established itself as a pioneer in modern media.

We have transformed our business model, successfully charging for content and building a global subscription business. Last year, our online subscriptions surpassed our print circulation for the first time. Today, we have more than 100,000 more digital subscriptions than print sales.

This is no time to stand still. The competitive pressures on our business to adapt to an environment where we are increasingly being read on the desktop, smart phone and tablet – remain as strong as ever. The pace of change, driven by technology, is relentless as I was reminded once again during my recent conversations in Aspen and Sun Valley.

I want to thank all FT journalists for their dedication to the cause. These are challenging times. But as long as we embrace change and continue to innovate, we will continue to produce the world-class journalism of which we are all proud.

FinancialTimes

Financial Times moving to single print edition

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The Financial Times plans a path-breaking changes to the production of its printed newspaper that appear to be the penultimate step towards becoming a digital-only publication, reports Roy Greenslade of The Guardian in London.

Greenslade writes, “A lengthy memo sent yesterday afternoon to staff by the editor, Lionel Barber, stated that the pink paper plans ‘to launch a single edition, global print product in the first half of 2014.’

“In effect, it means that the FT’s paper will no longer be a ‘news’paper. There will be only ‘minimal late evening changes’. Late-night working will virtually cease. Barber explains:

‘The 1970s-style newspaper publishing process – making incremental changes to multiple editions through the night is dead. In future, our print product will derive from the web offering – not vice versa.’

“Instead, the ‘pre-planned’ paper’s content will be focused on explaining ‘the most important issues of the day’ with ‘show pages’ of data and graphics.

“Barber says ‘journalists will publish stories to meet peak viewing times on the web rather than old print deadlines.”

Read more here.

LatAm Confidential

Financial Times launches LatAm Confidential

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The Financial Times has launched a premium news service about Latin America called LatAm Confidential.

Richard Lapperof LatAm Confidential writes, “Launched in September 2013, LatAm Confidential incorporates Brazil Confidential, extending our analysis of macroeconomic developments, consumer markets, resources and the progress of infrastructure projects to the whole of the Latin American region. We will cover Latin America and the Caribbean, but the focus of much of our survey work will be on the six markets that are most interesting to investors and to our subscriber base: Argentina, Chile, Colombia, Mexico and Peru, as well as Brazil.

“The Brazil Confidential archive, built up since we launched the service in February 2011, is now available as part of the LatAm Confidential subscriber package.”

The service is led by Lapper, who has been Principal of Brazil Confidential since its inception. Lapper has more than 20 years experience at the FT, including a decade as the FT’s Latin America editor.

Lapper commented: “LatAm Confidential is a natural progression for the Confidential series, which now extends its expertise to over 12 emerging markets. The expanding suite of Confidentials reflects the growing demand for competitive insight and in-depth analysis on growth markets, which helps investors and corporations move early on trends and make more informed decisions.”