News & Opinion

Financial Times announces digital-first strategy

Financial Times editor Lionel Barber announces plans for a digital-first strategy in a move he described as a "big cultural shift" with 35 job losses.

Barber said the job losses would help the title save £1.6 million this year, emphasising the need for the FT to be "reshaped for the digital age".

"We need to ensure that we are serving a digital platform first, and a newspaper second," he said in a memo to staff yesterday. "This is a big cultural shift for the FT that is only likely to be achieved with further structural change.

"It would be reckless for us to stand still. Of course, we must stick to the tested practices of good journalism: deep and original reporting based on multiple sources and a sharp eye for the scoop.

"But we must also recognise that the internet offers new avenues and platforms for the richer delivery and sharing of information. We are moving from a news business to a networked business."

Barber's plans are thought to include page editors becoming content editors and streamlining the FT's content commissioning operation.

"This is not an easy transition," he added, "but we are obliged to take the difficult steps to secure the FT's future as one of the world's great news organisations."

Source: The Guardian


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