(reg. req.) The Financial Times plans to cut 10% (about 50) of its 500-strong editorial staff as it merges its online and newsprint operations…the job losses will be mainly in production, as the reporting operation was integrated several years ago.
The newspaper and website newsdesks will merge into a single newsdesk and fewer changes will be made between the paper’s different geographic editions in Europe, America and Asia.
WSJ: The restructuring comes after Pearson named Rona Fairhead, formally Pearson’s CFO, as CEO of the Financial Times Group, in May. Along with the newspaper, Fairhead took charge of other publications in the FT Group and also took charge of “emerging digital technologies.” A number of other key executives have been hired to help integrate the newspaper’s editorial staff with those on its website.
Official statement about the newsroom integration: The multi-media news operation will be built around the new Methode editorial production system, installed over the last year, enabling web and print pages to be published off the same platform.
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