Tuesday, February 12, 2013

Financial Times editor Lionel Barber: 'News now is not the newspaper'

As the FT celebrates its 125th birthday, Barber outlines his plans for a digital revolution

"Our business is changing," he says. "We don't need to update the paper through the night, so we don't need so many people working anti-social hours producing a newspaper for real-time news. That's the equivalent of the steam age. News is now updated on the website."

About 25% of the paper's traffic comes through mobile. Reading news on the move is part of a growing culture, especially among the young, and they prefer to use apps too. Among the paper's registered users, there is a growing trend in the 25-34 age-group to access the paper through an app rather than through a browser.