FT GROUP HEAD BUSY REPOSITIONING TO FULLY CAPITALISE ON THE DIGITAL AGE
December 17th 2007 23:11
FT Group chief executive Rona Fairhead is a busy woman, according to the UK Telegraph.
She is finalising a deal to sell the French business daily Les Echos, the disposal of a 50 percent stake in FT Deutschland is expected to be next and a question-mark also hangs over Vedomosti, the Russian business paper jointly funded by FT parent company Pearson, Finnish group Sanoma and Dow Jones.
"We like the business news market," says Fairhead. "But we want to have brands that are digital and can be built globally. Our concern was that if we continued to own businesses like Les Echos, we wouldn't invest and ultimately that wouldn't be the right thing for Les Echos or the FT Group."
On the other is the downturn in financial markets which directly threatens advertising revenues at her main Financial Times newspaper title.
- From MediaBlab
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