PaidContent: FT Losses Heavy, But Online's Fine
The Financial Times remains in the red, but its online unit is putting out profits. In 2002 it started charging for subscriptions to the online edition, accruing about 80,000 paid accounts. It also runs advertising, as shown at left.
The Times is owned by Pearson, which lost 32 million quid on the paper last year. Pearson, once famous for its public works engineering and later for owning Mexico's oil concession (sold early last century, before it was nationalized) is best known today for its interest in The Economist and the Times.
