Message from and to the Financial Times

January 16, 2012

The Financial Times now supplies information about its web articles with the request “Please don’t cut articles from FT.com and redistribute by email or post”. Point noted. The battle for pay to view continues

Rupert Murdoch was among the earliest figures to recognise the importance of developing new business models for successful management of news in the era of electronic information media.

The Financial Times, (FT) is also wrestling with these issues.

The FT is part of the Pearson group, the largest book publisher globally. Pearson, led by Dame Marjorie Scardino, has risen to the challenges of the electronic age. Its recent innovations include the search engine newsift

Creating value

On this issue I suggest that the FT may be misreading the way to create value from its information generating capacity. Increasingly the protectionist route is being eroded (music being the obvious example). News media are increasingly relying on social media inputs for the first signals of breaking news stories.

I remain a personal supporter (and reader) of the FT. However, as things stand at present, LWD will chose alternative sources from which to to extract information, and to critique and cite the source. What LWD does is of little importance to the FT. If a similar decision is reached by millions of web-savvy individuals around the world, it’s a different matter.

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