By: Staff reports

Financial Times To Launch Joint Web Site

The Financial Times group and Inc. yesterday finalized a joint venture agreement to launch a new Internet service that will provide financial and market news to Europe.
With CBS as a template, the new Financial Times site will appear in the first half of this year. The site’s target audience will be individual investors in Europe who require real-time financial news to manage their investments.
“There is a revolution occurring in how people manage their money and investments and the tidal wave that started in the U.S. is coming to Europe,” said Larry Kramer, chairman and CEO of Inc. and chairman of the new venture.
The site will complement Financial Times group’s existing Web properties such as, FTYourMoney, and other business sites in France, Spain, and Germany.
The FT group and began working together in November 1999 when they formed a marketing alliance based on the merger of Financial Times Asset Management and Data Broadcasting Corp, owner of a 32% stake in Once the merger is complete, the FT group will assume control of DBC’s stake in CBS Corp. holds a similar-sized stake in

Follow by Email
Visit Us

Leave a Reply

Your email address will not be published. Required fields are marked *