By: E&P Staff The owner of the Financial Times, Pearson, boosted the newspaper's U.S.-based news operation by purchasing Money-Media.com, a site offering news and commentary on the money management industry.
Money-Media, bought from its sole shareholder and CEO Michael Griffin, offers live news services about the American world of high-net worth asset management and mutual fund trustees.
The FT is expected to face increased competition in North America from a revamped Wall Street Journal after its takeover by Rupert Murdoch?s News Corporation.
Money-Media was founded in 1996 by Griffin and is based in New York.
The FT has 24 print sites across the world, and a combined daily circulation of 444,880, according to November 2007's ABC figures and a readership of more than 1.3 million people.
FT.com attracts 5.35 million unique users each month and 43 million page views, according to ABC electronic figures from March 2007.
Comments
No comments on this item Please log in to comment by clicking here