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January 9, 2008

FT’s Ridding: ‘WSJ is circling the wagons’ in US

By Martin Stabe wirepost

Financial Times Chief Executive John Ridding says looking competition between his paper’s and the News Corp-owned Wall Street Journal as a zero-sum game is “a bit anachronistic”

In an interview with Reuters following yesterday’s cover price hike, Ridding said: “In a time of fragmenting media and lots more competition and different kinds of competition, I think it’s very, very important to be ruthlessly focused on what makes you different and special.”

The WSJ, Ridding told Reuters, had been “circling the wagons a bit around the US” while the FT has focusing on a more global view.

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