The Financial Times is braced for “daunting trading conditions,” its managing editor has warned, in the latest sign of the severe challenges hitting the U.K.’s newspaper industry.
Newspapers including the Guardian, Independent and Times have announced drastic moves in recent weeks as they search for ways to secure their futures amid vast changes in media consumption. The FT, which appeared to be better positioned to weather the storm than many of its Fleet Street peers, is also feeling the squeeze.
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