Financial Times Appoints New Head Of Magazine Publishing
The Financial Times has announced the promotion of Dominique Moseley to the newly created position of head of magazine publishing with immediate effect.
The new role will see Moseley assume responsibility for the commercial success of the recently launched How to Spend It magazine, as well as the long running, media-focussed Creative Business supplement.
Commenting on the appointment, Ben Hughes, world-wide advertising director for the Financial Times, said: “We have seen tremendous growth in our magazine business in recent years, with particular success for How to Spend It which celebrates its 10th anniversary this year.”
He added: “As we look to replicate the success of How to Spend It across our other magazine products, it is essential that we have a global champion for this sector. Dominique’s experience and understanding makes him the ideal choice for this role.”
The Financial Times recently appointed former financial sales manager, James Burton, to the position of head of global advertising sales, as part of the ongoing shake-up of its commercial operation. Burton is responsible for world-wide classified ad sales, both for the newspaper and FT.com (see Financial Times Appoints Head Of Global Ad Sales).
The latest ABC results for the six months to April 2004 reveal less than impressive news for the Financial Times, which has seen circulation decline by 4.5% year on year to 439,488, as its remains at forefront of the recession in corporate and financial advertising.
Earlier this year the Financial Times announced that it had posted a loss of £32 million during 2003, as advertising revenues slumped 15% and sales continued to fall. A cost-cutting programme across the business daily has failed to stem losses, which were £9 million higher than in 2002.(see Losses Widen At FT And The Outlook Remains Uncertain)
Financial Times: 020 873 3000 www.ft.com
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