FT is booming

One newspaper organisation that is doing well out of the current crisis is the Financial Times.

Amid signs that the current financial crisis is pushing the consumers of news to the qualities,the financial paper cannot print enough copies to cope with demand.

Its chief executive John Ridding is quoted as saying that

Newsstand sales rose 30 percent in the United States in September, and about 20 percent in Europe and Asia. That’s compared to August 2008, i.e., it’s a “sequential” gain rather than year-over-year growth. In the United Kingdom, Ridding said, “We basically couldn’t print enough copies and retailers were running out.”

and furthermore

The number of registered users of FT.com rose to 750,000 now, compared with 30,000 a year ago. A couple hundred thousand of those showed up in the past few months, as the mortgage and housing crisis in the United States deepened and then metastasized into full-blown world-market-crisis mode

via Paid Content