The Financial Times Appoints US Managing Editor

New York, Thursday March 7 2002: The Financial Times has announced today that Lionel Barber will succeed Robert Thomson as the FT’s US managing editor.

Barber, currently editor of the FT’s Continental European edition, will have responsibility for the FT’s US edition and all aspects of North American print and online editorial operations. He will take up his post in May.

Andrew Gowers, editor, Financial Times, said “I am delighted to appoint Lionel as the FT’s US managing editor. He is an outstanding journalist with huge experience of the US and Europe. He has achieved significant circulation growth for the FT’s Continental European edition over the last two years, and I am certain that he is the right man to take us into the next phase of the FT’s expansion in the US.”

Over the last four years, the FT has established an impressive presence in the United States. With daily newspaper circulation having increased from 32,000 in 1997 to over 142,000 today, there is continuing rapid growth for both the newspaper and the FT’s online operation, FT.com in this key market. The FT’s circulation in Continental Europe has also grown significantly selling over 147,000 copies daily (a 4% increase year on year) as the FT continues to reinforce its position as Europe’s leading business newspaper. Worldwide, the FT now sells over 487,000 copies and has a readership of more than 1.6 million people.

The FT also announced today a number of editorial appointments to the US, including the new position of a US news editor. David Wighton, currently financial news editor, will take up this new post.

The new editorial appointments mean that the FT now has an editorial network of 70 journalists in eight cities across the US.

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, which is recognised internationally for its authority, integrity and accuracy. Providing extensive news, comment and analysis, the newspaper is printed in 19 cities across the globe, has a daily circulation of over 480,000 and a readership of more than 1.8million people worldwide.

2. FT.com, the newspaper’s internet partner, which combines agenda-setting editorial with relevant financial data and discussion groups, as well as a broad range of business tools including the largest search function on the internet. FT.com has more than 48 million monthly page views and over 2.4 million unique monthly visitors.

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, and Spain’s leading business newspaper and website, Expansion and expansiondirecto.es. 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.

The FT Group is part of Pearson plc, the international media group.

For further information, please contact:

UK

Joanna Manning Cooper: +44 (0) 20 7873 4447

 

Anoushka Healy: +44 (0) 20 7873 3720



US

Gregory Roth: +1 212 641 6611