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Concept
Financial Times
Summary
The Financial Times (FT) is a British daily business newspaper printed in broadsheet and also published digitally that focuses on business and economic current affairs. Based in London, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis rather than generalist reporting, drawing both criticism and acclaim. It sponsors an annual book award and publishes a "Person of the Year" feature.
The paper was founded in January 1888 as the London Financial Guide before rebranding a month later as the Financial Times. It was first circulated around metropolitan London by James Sheridan, who, along with his brother and Horatio Bottomley, sought to report on city business opposite the Financial News. The succeeding half-century of competition between the two papers eventually culminated in a 1945 merger, led by Brendan Bracken, which established it as one of the largest business newspapers in the world. Globalisation from the late 19th to mid-20th centuries facilitated editorial expansion for the FT, with the paper adding opinion columns, special reports, political cartoons, readers' letters, book reviews, technology articles and global politics features. The paper is often characterised by its light-pink (salmon) newsprint. It is supplemented by its lifestyle magazine (FT Magazine), weekend edition (FT Weekend) and some industry publications.
The editorial stance of the Financial Times centres on economic liberalism, particularly advocacy of free trade and free markets. Since its founding it has supported liberal democracy, favouring classically liberal politics and policies from international governments; its newsroom is independent from its editorial board, and it is considered a newspaper of record.
Official source
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