Financial Times Business is to launch FT Expat, a new monthly magazine for global living and investing. It will be built on the foundations of Resident Abroad and The International, the market leaders, which are closing to make way for the new magazine.
Market analysis has uncovered a shift in Britons living and investing overseas, with traditional “costa del sun” expats overtaken by “global citizens” – those who frequently travel in order to find work and think nothing of switching from one continent to another each year.
Nick Crawshaw, general manager, said, “We will be the first to offer advertisers the opportunity to reach these global citizens. A crucial element for us is to build on the FT's international brand and strategy among this community. For the readers, advertisers – and for us – it's a world of opportunity.”
The new title will have a circulation of 50,000, which is more than the combined current circulations of RA and The International. The advertising sales teams have already been integrated to sell across the magazine and the associated web site, FTExpat.com. The new editorial team will also be integrated on and off line, and Hugh Fasken has been appointed Managing Editor.
FT Expat will accompany the recently launched FTExpat.com, a partnership with FT.com. It will carry lifestyle, investment, personal finance and careers content in a glossy, picture-led format.
Shân Millie, publisher, said, “RA and The International were ground-breaking when they launched 20 years ago. We are again leading the field by launching a new magazine to replace the two successful titles. The web site will be key to servicing and stimulating this demanding new market. We have found that global citizens want one magazine and web site where they could get everything for global living and investing.”
Notes to Editors:
- Financial Times Business is the publisher of twelve specialist financial magazines including the Investors Chronicle, established 1860
- Financial Times Business is a member of the Financial Times Group, which is owned by Pearson PLC. Pearson is an international media company with market-leading positions in strategic business information, education, consumer publishing and international television production
- The Financial Times Group consists of:
- The Financial Times, recognised worldwide for its authoritative, accurate, and analytical reporting, is firmly established as one of the world's leading English language newspapers. With a daily circulation of over 460,000 and a readership of more than one million people, the Financial Times is available in 140 countries throughout the world. Its clearly focused and comprehensive global coverage makes it an indispensable read for the international business community.
- Financial Times Information/Interactive Data (www.info.ft.com) is a leading provider of global securities and related financial data supporting fund pricing, securities operations, research and portfolio management. The business operates as Financial Times Information in Europe and Asia Pacific, and as Interactive Data in North America. The company collects, edits, maintains and delivers pricing, dividend, corporate action and descriptive information on over 3.5 million securities.
- FT.com (www.FT.com) one of the world's leading international business information websites, provides its corporate audiences, with the very best general news and analysis and specialist company and market information and financial data. FT.com attracts over 1 million unique visitors each month and generates over 30 million monthly page views, making it the most-visited commercial news site in the UK and among the world's most significant sources of business news on the Internet. FT.com additionally has a registered user base numbering 2 million.
- Financial Times Marketwatch, (www.FTMarketWatch.com) delivers real-time European markets and company news to individual investors. Based in London, Paris, Frankfurt and Amsterdam, the online group of Europe's finest financial journalists is a joint venture between the Financial Times and CBS Marketwatch.com.
- FTYourMoney (www.FTYourMoney.com) is a leading source of independent personal finance information and guidance on the web. FTYourMoney.com focuses on process not product to guide users to better money management. The site is updated throughout the day and includes individually placed guides, unbeatable news and analysis and a range of accessible and easy-to-use services.
- The leading business and financial newspapers and websites in France (Les Echos and www.leseschos.fr), Spain (Expansiòn and www.recoletos.es) and Germany (FT Deutschland and www.ftd.de) in partnership with Gruner+Jahr, one of Germany's leading newspaper and magazine publishers.
- Financial Times Business (www.FTBusiness.com) produces specialist content on finance and energy markets. Among leading magazines and web sites in the personal finance, retail finance and institutional finance markets, FT Business publishes Investors Chronicle, Money Management and The Banker. The globally successful FT Energy business provides key intelligence on power generation and distribution markets.
- FTSE International, a joint venture with the London Stock Exchange, provides the professional investment community with the leading UK indices and, together with the Amsterdam Stock Exchange, publishes the Eurotop family of indices (www.ftse.com)
- A partnership venture with Dow Jones and Independent Media, Vedomosti (www.vedomosti.ru), Russia's leading business newspaper.
- A 50% stake in BDFM, publishers of South Africa's leading financial newspapers and website (www.bdfm.co.za)
- A 50% stake in The Economist group, which publishes the world's leading weekly business and current affairs journal (www.economist.com).
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