Friday, July 24, 2015
Financial Times Sale To Nikkei Is Praised By Felix Salmon
Felix Salmon explains why Nikkei's purchase of the prestigious Financial Times is good for financial journalism. His major point is that Nikkei is an employee owned news company. Unlike most newspapers it is not in business to please shareholders. Salmon believes that the Financial Times, which focused primarily on the UK, will have an opportunity to become the premier provider of global financial news to an increasingly digital customer base. He argues that the FT will no longer have to shape its reporting to please advertisers, and that its excellent journalists will have more freedom from editorial control. In other words, journalism will take precedence over business as usual.