business
Thursday, July 23, 2015
The British “Financial Times” is one of the world’s most influential newspapers. Unlike many competitors leaves the “FT” was able to increase its number of subscribers sharply recently. Nevertheless, the owner wanted to get rid of the newspaper.
The Japanese Nikkei Media Group was awarded the contract in the bidding battle for the “Financial Times”. For 844 million British pounds (1.2 billion euros) is the British owner Pearson from the renowned, printed on salmon-colored paper business newspaper. This was announced by the company.
Nikkei publishes a Japanese business newspaper of the same name, and claims to be the largest independent media group in Asia. Several supervisors must approve the business yet. In the fourth quarter of this year, the deal is expected to close.
Just before the agreement was announced, Axel Springer had announced that they would not buy the sheet. Various media reports of proceedings of the German media giant about a possible acquisition of the newspaper.
The “Financial Times” has increased its circulation in the past five years according to Pearson’s information by 30 percent to 737 000 to copies. The number of digital subscriptions is also grown strongly, nearly three-quarters of the paying customers are digital subscribers. 2014 sales of the “FT” group came in at 334 million pounds, reported the British. A German edition of the newspaper had owned the publishing house Gruner + Jahr, set this in 2012, however.
New Owner evokes shared values
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also includes a 50-percent stake in the business magazine “Economist” the group. This is, according to Pearson, but not part of the package sold. The British media group earns his living primarily with educational opportunities, including with school books.
Read more about“We were almost 60 years a proud owner of the” FT “,” said Pearson boss John Fallon, according to a release. The strong growth of mobile Internet and social networks place the media in front of a turning point. It is to be the best for the “FT”, part of a global, digital communications company in this new environment. Nikkei chief Tsuneo Kita stressed: “. We share the same journalistic values”
The Springer-Verlag, in which, inter alia, the “Bild” newspaper appears, was also an interest in the “FT” rumored been. Springer, however, had not commented on this. The Berliner buy some time in English Digital media. According to insiders, the Springer-Verlag is also in talks with the broadcasting group ProSiebenSat.1 about a possible merger. Both companies, however, do not comment on this.
Source: n-tv.de
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