London - FT.com received the Chairman's Award at the UK Association of Online Publishers Awards on Tuesday night. It was chosen as the winner from over 170 entries.
The award, introduced for the first time this year, went to the entry that met the primary objectives and key challenges set out by the AOP. These were:
· To raise the profile and credibility of online publishing;
· To develop standards across all aspects of the online publishing industry including marketing, measurement, functionality and operation;
· To help online publishers drive revenue though a variety of means including online advertising, charging for content, sponsorships, services and new technologies;
· To facilitate the share of knowledge and cross-fertilisation of ideas.
Bill Murray, AOP Chairman commented: "FT.com has faced up to one of the AOP's key challenges head on: that of educating consumers that good content is worth money, and so generating revenue through content sale and subscription. During the last nine months, over 50,000 users have subscribed to this service yet despite this traffic figures and advertising revenues have continued to rise - proof that top quality content can and will justify consumers paying for it."
Tracy Corrigan, editor of FT.com said: "We are delighted to win this prestigious award in recognition of our success in building an online news website based on subscription and advertising revenues. We believe that we can continue to attract new subscribers by providing top quality news, comment and analysis on the big business and world stories."
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:
- 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 21 cities across the globe, has a daily circulation of over 480,000 and a readership of more than 1.6 million people worldwide.
- FT.com, the newspaper's internet partner, 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 65 million monthly page views and over 3.8 million unique monthly visitors.
- 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.
- 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.
- 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.
- 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.
Alice Owen on tel 020 7873 3829 or Lucy Ellison on tel 020 7873 3119