The Financial Times has appointed Simon Targett as Editor, FT.com and an Assistant Editor. He will oversee the FT's online coverage of breaking news, and develop new ways to expand its online readership community at a time when online readership and advertising are expanding rapidly.
To underline the FT's increasing focus on online media, in addition to her current role as the FT's Deputy Editor, Chrystia Freeland has been appointed Editor, FT Electronic Services. This is a new role, giving Freeland responsibility for all editorial aspects of delivering FT content electronically, including the further evolution of FT.com, the extension of the FT to new electronic platforms such as the Blackberry, PDF products and print spin-offs like FTpm, the FT's popular free daily news briefing.
Simon Targett is currently the FT's Features Editor, responsible for the daily Business Life section. He joined the FT in 1996 and has worked in a variety of roles, including Education Correspondent, Investment Correspondent and as the launch Editor of the award-winning weekly supplement, FT Fund Management.
Chrystia Freeland re-joined the FT in 2001, and has worked in a variety of roles including Editor of the Saturday edition of the FT and Editor of FT.com. Prior to her role at FT.com, Freeland was Deputy Editor of The Globe & Mail in Toronto, Canada. From 1994-1999, she worked at the FT as UK News Editor, Moscow Bureau Chief and Eastern Europe Correspondent.
Andrew Gowers, Editor, said: ?This is a crucial period for the FT in moving from being an exclusively print-based news organisation to one that combines print and online delivery in innovative ways. We now offer an impressive array of online services and products and it is therefore appropriate that we have appointed two of our top people to these important roles. FT.com is now sustainably profitable, as well as an integral part of our editorial and commercial operations. The aim now is to establish a richer and more interactive relationship with our readers and online users, and to offer them an ever-increasing range of ways to gain access to FT content.?
FT.com is already the world's most popular audited business website, with 3.9million unique users, 46million page view per month and 80,000 paying subscribers. FT.com broke even in Q4 2002 and has been profitable ever since.
Tracy Corrigan, former Editor of FT.com and recently appointed joint News Editor for the FT, was named Editor of the Year (Consumer category) by the Association of Online Publishers in 2004.
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Notes to Editors
The Financial Times Group, one of the world's leading business information companies, aims to provide a broad range of business information and services to the growing audience of internationally minded business people. The FT Group includes:
1. The Financial Times, one of the world's leading business newspapers, recognised internationally for its authority, integrity and accuracy. Providing extensive news, comment and analysis, the newspaper is printed in 23 cities across the globe, has a daily circulation of over 425,000 and a readership of more than 1.6 million people worldwide.
2. FT.com is one of the world's leading business information websites, and the internet partner of the FT newspaper. Since its relaunch in May 2002, the website has continued to be the definitive home for business intelligence on the web, providing an essential source of news, comment, data and analysis for the global business community. FT.com attracts 3.9 million unique monthly visitors, generating 46 million page views and has almost 80,000 subscribers. FT.com broke even in December 2002.
3. The FT Group's pan-European network of national business newspapers and online services including France's leading business newspaper and website, Les Echos and lesechos.fr. In February 2000, the FT launched a new German language newspaper, FT Deutschland, with a fully integrated online business news and data service.
4. Through FT Interactive Data, the FT Group is one of the world's leading sources of securities pricing and specialist financial information to global institutional, professional and individual investors. Its products include eSignal, an online realtime streaming quotation service for brokers and active traders.
5. FT Business, which produces specialist information on the retail, personal and institutional finance industries. It publishes the UK's premier personal finance magazine, Investors Chronicle, and The Banker, Money Management and Financial Adviser for professional advisers.
6. The Financial Times Group also has a stake in a number of joint ventures, including;
· FTSE International, a joint venture with the London Stock Exchange.
· Vedomosti, Russia's leading business newspaper and a partnership venture with Dow Jones and Independent Media
· A 50% stake in BDFM, publishers of South Africa's leading financial newspapers and websites.
· A 50% stake in The Economist Group, which publishes the world's leading weekly business and current affairs journal.
· A 13.85% stake in Business Standard, one of India's leading financial newspapers.
The FT Group is part of Pearson plc, the international media group.