UK: turbulent Financial Times

Posted by John Burke on April 26, 2005 at 5:46 PM

News of a possible sale of the heralded Financial Times is shaking up the newspaper world this week according to The Independent. Interested buyers are reportedly The Dow Jones Company, owners of the Wall Street Journal, Rupert Murdoch's News Corporation and Barclay Brothers, recent purchasers of the Telegraph. Although international sales are up, they are not profitable and domestic circulation has fallen below 100,000, many blaming the Pink 'Un's editor, Andrew Gowers for isolating loyal readers by increasing the paper's focus on politics and national news.

In related news, mobile phone operator O2 has signed an agreement with the FT where the pinksheet's news will be beamed to O2's portable devices. O2 looks to be investing in the predicted popularity of mobile news, already having similar agreements with The Economist, The Independent, the Daily Telegraph, The Times and The Spectator.

Sources: The Independent and MediaWeek

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