Tuesday, December 11, 2012

Financial Times and Economist up for sale?

Well, there is certainly speculation on this account. FT is said to be losing money. The report does not say anything about the finances of the Economist. As somebody who is addicted to both periodicals, I sincerely hope that they don't lose their character if they are acquired. I wonder why Rupert Murdoch is not interested- could it be because of the troubles he has had to face in the UK? Whatever his failings, Murdoch will be gratefully remembered by journalists as the man who has helped preserve two of the greatest titles in journalism, The Times of London and the Wall Street Journal.

I have only one other thought. The FT and the Economist do not lack commentators who advise policy-makers and businessmen on how to get their policies and strategies right. FT has a whole section on Management. The redoubtable Schumpeter of Economist dissects corporate strategies all the time. Are we to believe that the pundits at these journals do not merit attention within their own publishing house? I do remember that some years back, the Economist flew Michael Porter in for a strategy session.  The cynical could say that that doesn't mean much: after all, Porter's own consulting firm, Monitor, is in the doldrums.


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