Digital subs drive revenue growth at FT
Financial Times Group announce rise in profits after change to business model.
The Financial Times Group has reported adjusted operating profit up three per cent year on year to £31m on turnover up six per cent to £203m for the first half of this year.
The Financial Times has managed to offset declining print sales with a growing online subscription base.
According to parent company Pearson, which announced its half-year figures this morning, digital subscriptions to the FT rose 34 per cent to 230,000 in the first half of 2011 with registered users of FT.com up 49 per cent to 3.7 million.