Lessons from the FT: Doubling digital ads revenue and surpassing 1,000,000 digital subscribers
How can news executives balance subscriptions and advertising successfully?
What are the proven tactics for building direct audience relationships?
How can media organisations prioritise reader experience without compromising revenue?
About the Event
Many news executives have been told that they need to “pick a side” when it comes to their revenue model. Typically this has left them choosing between subscriptions or advertising. The FT’s experience - doubling ads revenue and surpassing one million digital subscribers in the same period - goes to show that it doesn’t have to be one or the other. In this webinar, we will explore how the FT developed a robust reader revenue foundation and used that base as a means to double digital advertising revenue through loyal audiences, first-party data and a quality news experience. Join Lucy Marchington, Media Director at the Financial Times and George Montagu, Head of Insights at FT Strategies for a deep discussion on what fuelled the FT’s dual success and our replicable playbook for success. The session will be the first in a series focused on effective revenue diversification strategies. We will cover the following topics: - An overview of the FT’s business model transformation - The principles and tactics that underpinned the FT’s success, including: - Focusing on quality, differentiated content - Building direct relationships with audiences - Creating a fit-for-purpose access model - Shifting strategic focus - Prioritising the reader experience over long-tail advertising revenue