View all newsletters
Sign up for our free email newsletters

Fighting for quality news media in the digital age.

  1. Publishers
  2. Digital Journalism
May 29, 2013updated 31 May 2013 1:53pm

Financial Times launches real-time breaking news service pitched between Twitter and the main website

By Dominic Ponsford

The Financial Times today launched a new “real-time” breaking news service which aims to lie somewhere between the immediacy of Twitter and a traditional news website.

FastFT has a staff of eight journalists led by chief correspondent Megan Murphy and aims to provide 24-hour coverage of market-moving news five days a week. Its staff are spread around the world to ensure round-the-clock coverage in different time-zones with three in London, two in Hong Kong and three in New York.

The move comes as part of the FT’s plan to move towards a more digital-first approach. Earlier this year 30, mainly print-focused journalists, took redundancy and ten new digital journalism jobs were created.

Murphy told Press Gazette: “We need to respond to the changing dynamic of how readers consume news. For us, it’s a step change.

“When I ask people younger than me how they get breaking news, almost everybody uses Twitter as their main main source when they are in this field.

“But Twitter can’t give you the context and the why it matters. That’s the niche Fast is trying to fill.”

She said: “When 140 characters doesn’t cut it, FastFT goes beyond the headlines, providing context and commentary in quick, authoritative reports, with a level of transparency and personality that simply isn’t available elsewhere.”

Content from our partners
Publishing on the open web is broken, how generative AI could help fix it
Impress: Regulation, arbitration and complaints resolution
Papermule: Workflow automation for publishers

The FT says that FastFT will provide “up-to-the-minute reporting and commentary in short, sharp and informed dispatches – giving FT readers the edge they expect and the agenda-setting analysis they rely on.

“It expands and deepens the FT’s existing content offerings – from breaking and investigative news, opinion and analysis to blogs, interactive journalism and videos – by adding a live and dynamic layer of news and insight.

FastFT is presented in a rolling format, with the most recent updates at the top of the page.

The new site was developed by FT Labs. Co-founder of that product development team, Andrew Betts, said: “FastFT is the visible tip of a new real-time, platform agnostic publishing system that represents a step forward in creating an environment optimised for all news consumers, whichever device they choose to read us on, and wherever they happen to be."

The new site is behind the FT’s metered paywall, which currently limits free access to eight articles per month.

The FT currently claims to have 328,000 paying digital subscribers and has a global print circulation of 266,170.

Topics in this article : ,

Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our "Letters Page" blog

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly does of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network