Turning Japanese: FT journalists have a yen to get on with new owners

Staff take to Twitter over surprise £844m sale by Pearson to media group NikkeiFinancial Times journalists reacted with shock and wry, occasionally dark humour at the 127-year-old newspaper’s surprise £844m purchase by Japanese media group Nikkei.The head of the FT’s Lex column, Robert Armstrong, said the column would be overhauled with immediate effect and described the sale as a “goddamn bargain”.Lex column to publish exclusively in anime, effective immediatelyNikkei pays ~$2.4m per FT journalist. A goddamn bargain if you ask me.@meganmurp Well, the 35x earnings is for the whole FT Gruop, and they are not buying that. I think it's more like 70xFT sale to Nikkei will be good for @FTAlphaville https://t.co/IduI04guATNikkei CEO: "we share the same journalistic values". ReallyI for one welcome our new Japanese overlords (that's me in the middle) pic.twitter.com/OiASublv0AFT meeting pic.twitter.com/PULNrQC4VLFallon "loves" the FT. But he also says FT is better served by being owned by a co completely focused on the best journalism in the worldBarber. "I have every reason to believe and expect Nikkei will respect this vital principle: editorial independence" #FTBarber in Q&A: "This was not and is not a shot gun marriage there has been hours of conversation about this" #FTsalePearson says goodbye #FT pic.twitter.com/UYdZdslvmcWorst possible time for a London business to embark on a search for new space, incidentally. Big shortfall of space, rents spiking.Wondering where... Continue reading at 'The Guardian'

[ The Guardian | 2015-07-23 00:00:00 UTC ]
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