The Financial Times April 1 reached a record paying
readership of one million, an all-time high, according to the Financial Times.
The milestone was a key strategic goal for the organization and came a year
ahead of schedule, the FT says. Operating profits and revenues grew last year,
the FT says.
“We have
reached this record by developing a winning strategy, shared and supported by
our owners Nikkei, who themselves now count more than 650,000 digital
subscribers,” said FT CEO John Ridding in a staff note. “By pioneering a
subscription model and investing in digital transformation, we have proved that
quality journalism can be a quality, growth business. We have also shown the
enduring value of independent, authoritative and reliable reporting and
analysis in a time of fake news, sensationalism and polarization in media.”
Digital
subscriptions now account for more than three-quarters of the FT’s circulation,
although the print newspaper continues to be profitable, according to FT.
Seventy percent of FT readers are outside the U.K.
This month
the FT will move its global headquarters from One
Southwark Bridge
in London
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