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The FT's chief executive on AI, "loyalist" readers, and its U.S. expansion

niemanlab.org

41–50 of 58 posts

Re: The FT's chief executive on AI, "loyalist" readers, and its U.S. expansion

#41

Who is FT for, compared to other premium news outlets in the United States? In the recent years I’ve been shopping around a news subscription, trying to avoid clickbait and thought bubbles. I don’t think I understand their target audience, even after reading the entire interview.

> trying to avoid clickbait and thought bubbles

Check out Tangle — it's really good for this purpose.

Re: The FT's chief executive on AI, "loyalist" readers, and its U.S. expansion

#42
post #12

Earlier quoted context omitted.

I’m about as left wing as they come. I would never pay for the WSJ because their standard reporting is so insanely biased toward American right wing politics as to rarely be of any specific value, relative to other sources. I do, however, pay for and read the Financial Times, because it’s the paper businesses rely on then to tell them the unvarnished realities of the world in which they operate, regardless of any pol…

You probably have to distinguish the WSJ opinion/editorial pages from the news. There's definitely a conservative bias in editorial. (I know and have known a number of folks who have worked in that area.) But news seems pretty neutral in the context of the area where the paper plays.

Editorials on WSJ are just insane. Straight reporting is often good but there definitely isn't a high wall between the two and the reporting gets impacted negatively unfortunately (not always though).

Re: The FT's chief executive on AI, "loyalist" readers, and its U.S. expansion

#43
post #40

Reposting a comment I made about a month ago about the FT: https://news.ycombinator.com/item?id=39177792 --- Late last year, I signed up for a daily delivery of a physical copy of The Financial Times. I rarely read news websites, other than HN and Reddit. Why? Because I wanted to be informed about world events but dislike the always-on nature of online news, and because I have a certain romantic ideal of reading the…

I wonder what your review of the WSJ would be :-) It's sad to think how many people respect their editorial board articles - so low rent.

I honestly haven't read much of the WSJ, but from the little I have, it seems less professional and more opinionated than the FT. Both are better than the NYT though IMO.

Re: The FT's chief executive on AI, "loyalist" readers, and its U.S. expansion

#44
post #2

There are a handful of global news brands with readers that are willing/able to pay significant subscription fees for. FT is one of them but US readers mostly consider them the European WSJ and subscribe to the WSJ if they are willing to pay for that sort of thing. I'm not sure the FT makes sense for US readers on a budget. Personally I do the NYT and Economist so it's not like I don't pay for news and commentary but…

WSJ is much cheaper than FT. I pay about 4x as much for FT as WSJ.

Re: The FT's chief executive on AI, "loyalist" readers, and its U.S. expansion

#45

Who is FT for, compared to other premium news outlets in the United States? In the recent years I’ve been shopping around a news subscription, trying to avoid clickbait and thought bubbles. I don’t think I understand their target audience, even after reading the entire interview.

People who care more about finance & economic analysis than they do about signalling political affiliation. There’s strong overlap with the WSJ in the USA I would imagine, except the WSJ is notoriously pro-Republican, whereas the FT has supported various UK parties across the political spectrum & the FT has a more internationalist focus.

They also really care about their Arts with a capital A reporting.

If you want a more eclectic approach to financial reporting, the FTAlphaville blog at ft.com/alphaville is free (registration signup required) & often well worth reading whether you read the main paper or not.

Re: The FT's chief executive on AI, "loyalist" readers, and its U.S. expansion

#46
post #4

Who is FT for, compared to other premium news outlets in the United States? In the recent years I’ve been shopping around a news subscription, trying to avoid clickbait and thought bubbles. I don’t think I understand their target audience, even after reading the entire interview.

It's basically WSJ with a somewhat more global perspective, and Euro-centric instead of US-centric.

Writing quality and critical thinking are double that of WSJ though.

Re: The FT's chief executive on AI, "loyalist" readers, and its U.S. expansion

#47
Looks like this business model is serving them quite well, compared to competitors. I work with news organizations and we have seen all kinds (for-profit, non-profit) taking a big hit in the last year. We did pilots with companies that had no concern about paying post-pilot, but then times got tight and they did layoffs. Pretty much everyone is just hunkering down right now. It's really surprising they're cutting so much, given that it's election season, when people are more likely to spend time reading the news.

Re: The FT's chief executive on AI, "loyalist" readers, and its U.S. expansion

#48
post #6
post #4

Earlier quoted context omitted.

It's basically WSJ with a somewhat more global perspective, and Euro-centric instead of US-centric.

In my anecdotal experience, they're usually the first to scoop big Japanese business stories. (Some kind of Nikkei -> FT pipeline?) Edit- > It’s been owned by the Japanese company Nikkei, Inc. — an employee-owned company that publishes The Nikkei newspaper — since 2015. Okay that makes sense now, haha. Nikkei is employee-owned?! I need to look into this more!

> Nikkei is employee-owned?! I need to look into this more!

It's a Kabushiki gaisha (株式会社).

They aren't "employee-owned" in the progressive western sense (that's actually a "Cooperative") - it's just a joint stock company similar to McKinsey where employees can partake in limited profit sharing.

Re: The FT's chief executive on AI, "loyalist" readers, and its U.S. expansion

#49
post #23
post #14

Earlier quoted context omitted.

Sir Humphrey Appleby : Didn't you read the Financial Times this morning? Sir Desmond Glazebrook : Never do. Sir Humphrey Appleby : Well, you're a banker. Surely you read the Financial Times? Sir Desmond Glazebrook : Can't understand it. Full of economic theory. Sir Humphrey Appleby : Why do you buy it? Sir Desmond Glazebrook : Oh, you know, it's part of the uniform. Took me 30 years to understand Keynes' economics. T…

> I'm sure there's a Milton Keynes. I‘ve watched the series, and had no idea there‘s a city of that name! How… why does it look like a given name and family name?

Weirdly, the village the town was built around had that name originally: https://en.wikipedia.org/wiki/Middleton,_Milton_Keynes

Milton is a contraction of Middleton & Keynes was from the Norman de Cahaines family. There are a few other X Keynes dotted around the UK, all presumably on lands gifted to the de Cahaines family after the Norman conquest.

Re: The FT's chief executive on AI, "loyalist" readers, and its U.S. expansion

#50
post #40

Earlier quoted context omitted.

I wonder what your review of the WSJ would be :-) It's sad to think how many people respect their editorial board articles - so low rent.

I honestly haven't read much of the WSJ, but from the little I have, it seems less professional and more opinionated than the FT. Both are better than the NYT though IMO.

WSJ has a few high quality articles and some local insight into things like commercial real estate in the US but that editorial section is so difficult to take seriously (as well as some of the real articles). It's generally not worth it unless you get a deal.

NYT is mixed but has that breadth of US news that's hard to find elsewhere. Also pretty affordable.

You might like your local business journals - they're usually part of a syndicate so get national and local news. For instance for Seattle: https://www.bizjournals.com/seattle/

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