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	<title>paidContent &#187; Alice DuBois</title>
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		<title>paidContent &#187; Alice DuBois</title>
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		<title>FT announces buyouts in quest to be &#8220;a digital platform first, and a newspaper second&#8221;</title>
		<link>http://paidcontent.org/2013/01/21/ft-announces-buyouts-in-quest-to-be-a-digital-platform-first-and-a-newspaper-second/</link>
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		<pubDate>Mon, 21 Jan 2013 19:52:57 +0000</pubDate>
		<dc:creator>Laura Hazard Owen</dc:creator>
				<category><![CDATA[Alice DuBois]]></category>
		<category><![CDATA[buyouts]]></category>
		<category><![CDATA[lionel barber]]></category>
		<category><![CDATA[newspapers]]></category>

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		<description><![CDATA[The <em>Financial Times</em> is hoping that at least 35 staff members will accept buyouts as it attempts to prepare for a digital-first future. That future includes hiring 10 new digital employees and being choosier about stories, editor Lionel Barber wrote Monday in an email to employees.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=paidcontent.org&#038;blog=33319749&#038;post=223475&#038;subd=gigaompaidcontent&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p><em>Financial Times</em> editor Lionel Barber wrote in an email to staff Monday that the newspaper will offer staff buyouts in an attempt to save £1.6 million as it also hires 10 new employees on the digital side. &#8220;The intention is to reduce the cost of producing the newspaper and give us the flexibility to invest more online,&#8221; he wrote in the email, <a href="http://www.guardian.co.uk/media/2013/jan/21/lionel-barber-email-financial-times">posted in full at the <em>Guardian</em>.</a> About 35 people would need to take the buyout, or layoffs will begin.</p>
<p>&#8220;Our common cause is to secure the FT&#8217;s future in an increasingly competitive market, where old titles are being routinely disrupted by new entrants such as Google and LinkedIn and Twitter,&#8221; Barber wrote, citing a &#8220;visit to Silicon Valley last September&#8221; as a factor in affirming his belief that the paper has to adapt. He said mobile now accounts for 25 percent of the FT&#8217;s digital traffic.</p>
<p>Among the changes Barber outlines for a digital-first future:</p>
<ul>
<li><span style="line-height:13px;">The newspaper should be choosier in what it selects to report, with &#8220;fewer commissioning channels. Equally, news editors must clearly identify priority stories&#8230;We must rethink how we publish our content, when and in what form, whether conventional news, blogs, video or social media.&#8221;</span></li>
<li>A streamlined international presence with reporters in &#8220;the right places ready to devote their talents to covering the big FT stories and not risk becoming isolated in silos or geographies.&#8221; There should also be &#8220;a more common international edition.&#8221;</li>
<li>&#8220;New products and services online in 2013, starting with our &#8216;Fast FT&#8217; markets and a new Weekend FT app.&#8221;</li>
</ul>
<p>Stateside, the <em>New York Times</em> said in December that it is <a href="http://mediadecoder.blogs.nytimes.com/2012/12/03/new-york-times-seeks-buyouts-from-30-newsroom-managers/">seeking about 30 managers</a> to take buyouts by January 24, with layoffs to follow if needed. Capital New York reports that <a href="http://www.capitalnewyork.com/article/media/2013/01/7265622/new-york-times-2013-buyouts-and-layoffs-watch">only five people had done so by Monday morning</a>; one of them, Alice DuBois, <a href="http://www.politico.com/blogs/media/2013/01/ny-times-editor-leaves-for-buzzfeed-154559.html">took a job at BuzzFeed</a>.</p>
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