Tag Archives: Financial Times

Business Insider: FT deal with Foursquare will offer free subscriptions

The Financial Times is working with Foursquare to provide free subscriptions to users of the location-based social networking site who “check in” to selected locations, Business Insider reports.

The deal will target younger readers, for example by featuring coffee shops and other spots located close to universities and business schools, who may be turned off by the rates for a premium subscription to FT.com.

[T]he Foursquare deal opens the FT up beyond their typical straight-laced business subscribers, and attempts to get a decidedly younger, more web-savvy potential consumer interacting with their brand.

Full story at this link…

Talking Biz News: FT promotes Twitter as newspaper alternative in ads

Good spot by Talking Biz News (via Martin Stabe) – a new ad for the Financial Times directs readers towards the title’s Twitter feeds.

Hear first and act fast with Twitter feeds.

Get the news you need as it happens, with FT Twitter feeds. Delivering breaking FT news, features, blogs and multimedia, they’ll alert you to the developments that matter.

Image of ad at this link…

paidContent:UK: iPad plans from Spectator and FT

paidContent:UK looks at plans from two UK publishers readying their iPad editions ahead of the device’s US launch this weekend.

Digital editions provider Exact Editions is involved with The Spectator’s iPad launch, which will adopt a freemium model, Exact’s co-founder told pC:UK.

Elsewhere the Financial Times is preparing a sponsored FT iPad app. Launch sponsor Hublot will subsidise a two-month free access period. After this, the app will revert to the same model as the FT’s iPhone app, which is feel to download, but charges for access to more than 10 articles.

FT.com: Digital chiefs challenge House of Lords digital economy bill amendment

A letter to the Financial Times signed by some of the highest digital figures in the UK challenges the House of Lords adoption of amendment 120A to the digital economy bill.

This clause, they argue, will lead to more cases where internet service providers (ISPs) block websites accused of illegally hosting copyrighted material – before being seen by a judge.

The writers, who include Tom Watson MP, Stephen Fry, the chief executive of Orange; the MD of Google UK, the chairman of the TalkTalk Group, BT Group’s chief executive and the MD of EBay, claim that freedom of speech will be threatened, without reducing copyright infringement.

Full letter at this link…

[you will need to register or subscribe to view in full]

paidContent:UK: FT confirms new additions to subscription model

The Financial Times has confirmed it will add a new day pass and weekly pass, powered by online payment system Pay Pal, as part of its online access model.

While the pass is different from the FT’s direct payment for an anual subscription, as paidContent:UK points out this isn’t quite a move to micropayments.

But FT CEO John Ridding did comment on the potential for micropayments to support an annual subscription while speaking on the new plans at the FT’s Digital Media and Broadcasting conference.

Full story at this link…

US Digest: America goes multi-platform; Miami goes hyperlocal; NYT hits the big screens

News consumption according to Pew: Loyalty wanes, social sharing rises

The United States is, according to a new study published today by Pew Research Centre’s Project for Excellence in Journalism, a multiple platform nation when it comes news consumption. The study, which looks at the different ways Americans access news on a daily basis, suggests that loyalty is on the wane and social sharing is on the rise.

In the digital era, news has become omnipresent. Americans access it in multiple formats on multiple platforms on myriad devices. The days of loyalty to a particular news organization on a particular piece of technology in a particular form are gone […] While online, most people say they use between two and five online news sources and 65% say they do not have a single favorite website for news.

[…]

To a great extent, people’s experience of news, especially on the internet, is becoming a shared social experience as people swap links in emails, post news stories on their social networking site feeds, highlight news stories in their Tweets, and haggle over the meaning of events in discussion threads. For instance, more than 8 in 10 online news consumers get or share links in emails.

Three Ps stand out from the results according to the summary of findings

  • Portable: 33% of cell phone owners now access news on their cell phones.
  • Personalized: 28% of internet users have customized their home page to include news from sources and on topics that particularly interest them.
  • Participatory: 37% of internet users have contributed to the creation of news, commented about it, or disseminated it via postings on social media sites like Facebook or Twitter.

NYT strikes video screen deal with RMG

Starting today, New York Times’ content will be displayed on video screens in five major US cities.

The newspaper has struck a deal with RMG Networks, a major owner of screens in the main business districts of New York, Los Angeles, Chicago, San Francisco and Boston, which will see 850 of their screens become part of the ‘NYTimes.com Today Network’.

The screens will display articles and images form the Times’ website on a 14 minute cycle, interspersed with advertising. A further 850 screens will be added to the network over the next few months.

According to the Times, their network “will be a small part of RMG, which has tens of thousands of such screens.”

The details of the financial arrangement have not been disclosed.

Further analysis of the deal from Lost Remote at this link

Al Tompkins: Everyone invited to journalism training

From the Poynter Institute today, Al Tompkins with an interesting take on broadcast journalism training.

When I train journalists at a television or radio station, I usually recommend that the newsroom invite anyone who will come — including those in the sales, promotions and engineering departments

Unsurprisingly, few take him up on the offer apparently. With times as tough as they are, who in their right mind would think the answer lay in sending the sales team on journalism training?

The idea behind Tompkins’ approach is that, with some basic knowledge, salespersons, receptionists, engineers, and others can hold the fort in the case of an emergency.

Possibly a useful model for broadcast journalism, to avoid dead air, but ‘Time to Train Everyone in Your Organisation to be a Journalist’ is a call to arms unlikely to sit well with most economical bosses. And one at risk of going down like a lead balloon in the more traditional newsrooms, I would have thought.

South Florida Times announce student collaboration on new hyperlocal section

Following in the footsteps of the NYT, weekley newspaper the South Florida Times have announced a collaborative hyperlocal project with students from Florida International University’s journalism school (via editorsweblog).

The project, Liberty City Link, aims is to improve coverage of Miami’s Liberty City area. Unlike the NYT collaborations, Liberty City Link will feature both online and in print, having a page in the print edition and a blog under the South Florida Times URL.

The Times’ announcement bills its new partnership as a way to overturn the area’s notoriously bad reputation.

News accounts about the Liberty City community, one of South Florida’s largest historically black communities, have long zeroed in on its most negative aspects, spotlighting it as a notoriously dangerous section in the shadows of the glitz of Miami Beach. But the colorful murals of black heroes on Liberty City’s buildings stand for the spirit of what is, in fact, a thriving community.

Seventeen students have been recruited to report for the new section. Neil Reisner, a veteran journalist and FIU professor, defends the inclusion of just one African-American among them:

Students learn to cover a community they’re not part of. And that as journalists it is OK to ask questions to people they don’t completely relate to, as long as they are honest about what they want to know.

Gillian Tett named new US managing editor of the Financial Times

Gillian Tett has been named US managing editor of the Financial Times today. She replaces Chrystia Freeland who joins Thomson Reuters as global editor in chief.

Full story at Editor & Publisher

The Hong Kong house that Tote Bags built

Finally, from FishbowlNY, news that, while publishers run around tearing their hair out about paywalls, payments, micropayments, even smaller payments, design and culture glossy Monocle magazine is to open a Hong Kong bureau with the proceeds from selling Tote bags.

This business model may not, however, be the saviour of publishing. So I’m sorry if you’ve gone and got your hopes up. The blurb on Monocle’s Tote bag sale page may tell you a little about their readership, and how they’ve pulled off this nifty trick. As might the price.

Whether it’s a spur-of-the-moment overnighter or a day hitting the shops, this bag can hold anything you throw in it. Inside there is a host of pockets for your wallet, BlackBerry, plus your Japan-only mobile, a detachable purse to get at that Amex card quickly, and a sizeable wash bag.

I left my Japan-only mobile on the train with my free copy of the London Weekly so the bag’s not really any good to me anyway.

#followjourn: Andrew Hill/city editor

#followjourn: Andrew Hill

Who? City editor at the Financial Times

What? City editor and also editor of the daily Lombard column on business and finance since September 2006. Previously, he has also been FT’s financial editor and prior to that, the comment & analysis editor. Hill also had a stint as the New York Bureau chief between 1999-2003.

Where? Read a selection of Hill’s columns at Financial Times online.

Contact? Follow @AndrewHill

Just as we like to supply you with fresh and innovative tips every day, we’re recommending journalists to follow online too. They might be from any sector of the industry: please send suggestions (you can nominate yourself) to judith or laura at journalism.co.uk; or to @journalismnews.

FT Chinese staff threatened with redundancies

A group of journalists working for FT Chinese, a Chinese language website, are facing redundancy if they do not return to China, on half their salaries, the National Union of Journalists has reported.

Two of the four Chinese journalists are British citizens, and they already have “inferior” terms and conditions to other journalists at the Financial Times, it was claimed by the NUJ today.

The National Union of Journalists Financial Times chapel is threatening to ballot for action, if plans are not reversed.

The NUJ chapel at the Financial Times voted unanimously – at a meeting attended by over 80 members – to demand that the threat of the redundancies be lifted.

“We condemn the outrageous treatment of journalists on FT Chinese. We demand no redundancies on FT Chinese and that the journalists be placed on the same terms and conditions as the rest of FT editorial. It is unconscionable that the FT is sending FT Chinese journalists into harm’s way. We will ballot for industrial action if these demands are not met,” said a spokesperson from the NUJ office branch.

One of the FT Chinese staff wrote to colleagues: “It was a tremendous shock to the entire team. This reminded us of a very old Chinese saying: ‘kill the donkey after it has done its job at the mill’. The best equivalent in English I can think of is ‘kick down the ladder’.”

A email sent to FT staff on behalf of the NUJ chapel, said it “was shocked but not surprised to hear about the Chinese journalist situation”.

“This is no longer the FT that we all joined. The FT used to be a place of compassion, where people were looked after and, in return, gave the job their all.

“Now there are job cuts while new hires are ongoing, constant pressure from bosses to get more in a shrinking paper, filing for the web for ft.com and blogging, and yet no personal support in return. This new FT is not the great place to work of the past. The end result will be lack of commitment to the paper, which will, eventually, show up in the quality of the end product.

The Financial Times told Journalism.co.uk it did not have a comment to make at this point.

Media release: FT acquires Medley Global Advisors

Owner of the Financial Times, Pearson, has announced its acquisition of Medley Global Advisors LLC (MGA), a company that provides “macro policy intelligence” to investment banks, hedge funds and asset manager.

MGA, which had estimated gross assets of $7.3 million at the year end, will continue to operate from its headquarters in New York, with offices in Washington DC, London, Frankfurt, Beijing and Tokyo.

“The acquisition strengthens the FT’s position as a global leader in premium financial information,” said a release from the FT.

“The acquisition will enhance the FT’s portfolio of services geared towards major global financial institutions and asset managers, including FTfm, its global fund management supplement, and Money-Media, the market leader in online news and commentary for the fund management sector.

“This acquisition delivers another premium service to an important FT audience and reinforces our strategy of building strong subscriber and digital businesses in core sectors,” said John Ridding, chief executive of the FT.

Full announcement at this link…

#FollowJourn: @mattgarrahan/Los Angeles correspondent

#FollowJourn: Matt Garrahan

Who? An Englishman in Los Angeles/Los Angeles correspondent.

What? Matt covers all things California for the the Financial Times’ website

Where? His work goes up regularly on FT.com.

Contact? Follow @mattgarrahan.

Just as we like to supply you with fresh and innovative tips every day, we’re recommending journalists to follow online too. They might be from any sector of the industry: please send suggestions (you can nominate yourself) to judith or laura at journalism.co.uk; or to @journalismnews.