PEARSON BOOSTS FINANCIAL TIMES US PRESENCE WITH MONEY-MEDIA ACQUISITION
January 4th 2008 22:07
UK Press Gazette reports that Pearson, the owner of the Financial Times, has boosted the newspaper’s US-based news operation by purchasing an American site offering news and commentary on the money management industry.
It said Money-Media, bought from its sole shareholder and ceo Michael Griffin, offers live news services on the American world of “high-net worth” asset management and mutual fund trustees. Its Agenda section claims to be “the most influential source of intelligence for today’s corporate directors”.
Pearson said that Money-Media’s specialist services will “improve the ability of the Financial Times to reach the asset management community in the US” and enhance the recently launched US edition of FTfm, its fund management newspaper supplement.
Money-Media was founded in 1996 by Michael Griffin. It has a staff of 70, including 23 in editorial, and is based in New York. It has four online ‘products’: Ignites, a daily online service reaching over 50,000 mutual fund managers; Fundfire, a daily online service reaching 40,000 money management professionals; BoardIQ, a bi-weekly online and print service for over 4,000 trustees and top executives at nearly 140 fund complexes, and Agenda which is delivered to more than 4,000 directors and officers at nearly 300 public companies.
The FT has 24 print sites across the world, and a combined daily circulation of 444,880, according to November 2007's ABC figures, and a readership of more than 1.3 million people. FT.com attracts 5.35 million unique users each month and 43 million page views, according to ABC electronic figures from March 2007.
- From MediaBlab
| 49 |
| Vote |
subscribe to this blog
