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Financial Times staff live blog the sale of their paper: ‘we’ll be sent to Canary Wharf’

23 July 2015

3:38 PM

23 July 2015

3:38 PM

After much speculation, the Financial Times has today been purchased by Nikkei, the Japanese media group, for £844 million.

This comes after the paper’s owner Pearson confirmed it was on sale this morning. However, it had been thought that the German media group Axel Springer were the frontrunner for the purchase.

With the sale confirmed, little is known about what the new owners have planned for the paper:

Happily, staff writers Paul Murphy and Bryce Elder offered some insight this morning while editing the Markets Live blog. The pair discussed reports that their employer was on sale, describing a ‘strange quiet’ which had overtaken the newsroom:

FTLiveBlog

While Elder is convinced that they will now be sent to work in Canary Wharf, writer Dan McCrum’s money is on the Candy brothers — who were behind the luxury One Hyde Park development — turning their current riverside office ‘into flats’. However, with Pearson reportedly keeping hold of the building, the Candy’s will have to wait:

Either way, it’s undoubtedly going to be a time of upheaval for FT staff. Thankfully, the FT has some advice, which was tweeted straight after the deal was sealed:

These are the best of times. These are the Financial Times. 

Update: FT staff insist they wanted a new office anyway


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