The FT Group made a profit of £55 million last year despite plunging print circulation figures for the FT. According to parent company Pearson, the FT’s total circulation grew by 8 per cent to 652,000 when digital subscribers are added to the print total. The FT claims that this circulation figure is the highest “paying readership” in the newspaper’s 126-year history. The current print circulation of the FT is 234,000 – of which 23,764 are bulk copies.
FT Group said in a statement: “FT.com digital subscriptions grew 31 per cent to 415,000, more than offsetting planned reductions in print circulation. Digital subscribers now represent almost two-thirds of the FT’s total paying audience and corporate users grew nearly 60 per cent to more than 260,000.