The Week: City News - FT suffers revenue drop

FT Publishing, the owner of the Financial Times, saw revenues dip 14 per cent year on year in the first nine months of 2009.

The figure, which strips out the effect of currency exchange rates, comes as the title "faced a weak market for financial and corporate advertising in the third quarter", according to its parent company, Pearson. FT.com reported a paying base of 121,000 subscribers - up 22 per cent on the same period last year.

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