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There used to be something here that couldn't be migrated - please contact us at info@journalism.co.uk if you'd like to see this updated! The Financial Times has bought the online news and analysis website Money-Media to extend its coverage of the global fund management industry.

According to a news release from the FT's parent company Pearson , the US-based website had revenues of around £8.1 million in 2007, approximately two-thirds of which were generated through subscriptions.

"This acquisition supports and extends our strategy of building strong subscriber and digital businesses in core sectors," said John Ridding, chief executive of the FT.

"Money-Media has built a senior and loyal audience in the US. They have a strong management and editorial team whose entrepreneurial approach is an excellent fit with the FT. We see substantial scope for international growth with their publications."

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Written by

Laura Oliver
Laura Oliver
Laura Oliver is a freelance journalist, a contributor to the Reuters Institute for the Study of Journalism, co-founder of The Society of Freelance Journalists and the former editor of Journalism.co.uk (prior to it becoming JournalismUK)

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