LONDON (Reuters) – The Financial Times has reached a milestone associated with a million paying readers, it said on Monday, with revenues and profits continuing to considering that the London-based business publication was acquired by Japan's Nikkei from Pearson in 2019.
The FT was one of the primary newspapers introducing a paywall, in 2002, charging online readers for news on the list of arrived at expect for nothing on-line in the trend that challenged the business model of printed press.
The Los angeles Times followed last year following several years of debate and in November said it had above 3 million paying digital-only subscribers and over 4 million subscribers overall, like the print edition.
The FT's digital subscribers be the reason for more than three-quarters of that circulation. The pink-paged print edition may be profitable, the FT said.
It established a metered access model in 2007, requiring users to join up to and charging them once they find more than just a certain number per 30 days, before switching to paid trials as its primary pay model in 2019, through which readers would get access to most FT content to get a month for your small sum.
The FT's operating profit was 25 million pounds ($33 million) in 2018 and operating revenue was 383 million.
"We’ve got proved that quality journalism can be a quality, growth business. We have now also shown the enduring value of independent, authoritative and reliable reporting and analysis," the FT's Ceo John Ridding said in a statement.