FT Group leads the way with 12 per cent growth

The FT Group, publisher of Financial Times, has reported a 12 per cent rise in annual revenues to £403m.

Paid-for digital subscriptions were up 50 per cent in 2010 to 207,000 and there were 900,000 sales of FT apps on mobile phones and tablets.

Digital services account for 40 per cent of FT Group revenues, up from a third in 2006, while advertising has fallen from a 67 per cent to a 45 per cent share over the same period.

FT Group owner Pearson, which also owns Penguin and an extensive publishing operation, reported a whopping 28 per cent boost in profits to £670m before tax – and total revenues were up eight per cent to £5.66bn.

Marjorie Scardino, chief executive of Pearson, said that the results represented the company’s “best year ever”.

(Source: MediaGuardian)




“Before we all sink into a slough of digital dystopian despair, it might be worth considering this: is this a sign of the strength, not weakness, of revelatory journalism in the digital age?”

Charlie Beckett, director of POLIS at the London School of Economics, reacts to news that the UK government forced the Guardian into destroying hard drives that contained information leaked by Edward Snowden.

(Source: POLIS)


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