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94-488: Granta is a literary magazine and publisher in the United Kingdom whose mission centres on its "belief in the power and urgency of the story, both in fiction and non-fiction, and the story's supreme ability to describe, illuminate and make real." In 2007, The Observer stated: "In its blend of memoirs and photojournalism, and in its championing of contemporary realist fiction, Granta has its face pressed firmly against

188-562: A European Securities and Markets Authority investigation for its response to the scandal. An investigation by the Intercept , the Nation , and DeSmog found that FT is one of the leading media outlets that publishes advertising for the fossil fuel industry. Journalists who cover climate change for FT are concerned that conflicts of interest with the companies and industries that caused climate change and obstructed action will reduce

282-684: A hard Brexit . In respect of the Russian invasion of Ukraine , FT commentator Martin Wolf expressed support for Ukraine. Two years before the invasion of Ukraine by Russia , the FT offered an interview to the Russian President Vladimir Putin . The interview received praise, as it offered an unusual access to the Russian leader's thinking. President Putin used the interview to state his opinions about

376-430: A "New Newsroom" project to integrate the newspaper more closely with FT.com. At the same time it announced plans to cut the editorial staff from 525 to 475. In August 2006 it announced that all the required job cuts had been achieved through voluntary layoffs. A number of former FT journalists have gone on to high-profile jobs in journalism, politics and business. Robert Thomson , previously the paper's US managing editor,

470-671: A 50% shareholding in The Economist , which was sold to the Agnelli family for £469 million. Related publications include the Financial Times , FT.com, FT Search Inc., the publishing imprint FT Press and numerous joint ventures. In November 2013 it agreed to sell Mergermarket , an online intelligence reporting business, to the London private equity investor BC Partners. In addition, the FT Group has

564-606: A Conservative peer), John Kingman (former head of UKFI and a banker at Rothschild's ), George Graham ( RBS banker), Andrew Balls (head of European portfolio management at PIMCO ) and Jo Johnson (former Conservative Member of Parliament for Orpington ). The FT publishes a Saturday edition of the newspaper titled the Financial Times Weekend . It consists of international economic and political news, Companies & Markets , Life & Arts , House & Home and FT Magazine . HTSI (originally How to Spend It )

658-807: A German corporate, focusing on the lead author of the FT series, Dan McCrum . The Public prosecutor's office in Munich subsequently launched an investigation. After the formal complaint of an investor, Wirecard and the German Federal Financial Supervisory Authority (BaFin), the responsible state's attorney announced investigations into several FT journalists. On 22 June 2020 and after 18 months of investigations and an external audit, Wirecard announced that €1.9 billion worth of cash reported in its accounts "may not exist". The company subsequently filed for insolvency . BaFin itself became subject of

752-529: A business-related game called "In the Pink" (a phrase meaning "in good health", also a reference to the colour of the newspaper and to the phrase "in the red" meaning to be making a loss). Each player was put in the virtual role of Chief Executive and the goal was to have the highest profit when the game closes. The winner of the game (the player who makes the highest profit) was to receive a real monetary prize of £10,000. The game ran from 1 May to 28 June 2006. In 2019,

846-531: A financial information company that provides sales and market intelligence for investment professionals in North America, Europe and Asia. FT Knowledge is an associated company which offers educational products and services. FT Knowledge has offered the "Introducing the City" course (which is a series of Wednesday night lectures and seminars, as well as weekend events) during each autumn and spring since 2000. FT Predict

940-466: A financial newspaper, it does also contain TV listings, weather and other more informal articles. In 2021 and 2022, the outlet began focusing more on the cryptocurrency industry, launching a Digital Assets Dashboard, publishing multi-asset crypto indexes, starting a Cryptofinance newsletter dedicated to digital assets, and recruiting more journalists to cover the sector. About 110 of its 475 journalists are outside

1034-482: A former defence correspondent and Lex columnist, was chief executive of the publishing company CMP before becoming chief executive of TSL Education, publisher of the Times Educational Supplement . David Jones, at one time the FT ' s Night Editor, then became Head of IT. He was a key figure in the newspaper's transformation from hot metal to electronic composition and then onto full-page pagination in

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1128-406: A joint venture with a German publishing firm, Gruner + Jahr . In January 2008 the FT sold its 50% stake to its German partner. FT Deutschland never made a profit and is said to have accumulated losses of €250 million over 12 years. It closed on 7 December 2012. The Financial Times launched a new weekly supplement for the fund management industry on 4 February 2002. FT fund management (FTfm)

1222-505: A limited number of free articles during any one month before asking them to pay. Four years later the FT launched its HTML5 mobile internet app. Smartphones and tablets now drive 12% of subscriptions and 19% of traffic to FT.com. In 2012, the number of digital subscribers surpassed the circulation of the newspaper for the first time and the FT drew almost half of its revenue from subscriptions rather than advertising. The FT has been available on Bloomberg Terminal since 2010 and on

1316-488: A month later as the Financial Times . It was first circulated around metropolitan London by James Sheridan , who, along with his brother and Horatio Bottomley , sought to report on city business opposite the Financial News . The succeeding half-century of competition between the two papers eventually culminated in a 1945 merger , led by Brendan Bracken , which established it as one of the largest business newspapers in

1410-402: A one-page consumer goods feature in the newspaper, which was edited by Sheila Black, the FT 's first female journalist, a former actor. To celebrate its 15th anniversary, FT launched the online version of this publication on 3 October 2009. Some media commentators were taken aback by the online launch of a website supporting conspicuous consumption during the financial austerity of

1504-430: A personal finance magazine and website; "FT Money", a weekly personal finance supplement in "FT Weekend"; FT Wealth , a magazine for the global high-net-worth community and FTfm, a weekly review of the global fund management industry, Money Management and FT Adviser . The institutional segment includes: The Banker , This Is Africa , fDi Intelligence and Professional Wealth Management (PWM). Money-Media,

1598-457: A reporter for the Financial Times generated a controversy about the editorial independence of the paper from outside political pressure. The controversy followed the withdrawal by the newspaper's editor of an opinion piece by FT 's Brussels correspondent Mehreen Khan that was critical of French President Emmanuel Macron 's policy towards Muslim minorities in France. The piece was withdrawn from

1692-487: A separate arm of Financial Publishing, delivers a range of digital information services for fund management professionals around the globe, including: Ignites, Ignites Europe, Ignites Asia, FundFire and BoardIQ. Financial Publishing includes publications ( Pensions Expert and Deutsche Pensions & Investmentnachrichten ) and events ( Investment Expert ) for the European pensions industry. The group also publishes MandateWire,

1786-450: A unit called FT Specialist, which is a provider of specialist information on retail, personal and institutional finance segments. It publishes The Banker , Money Management and FT Adviser (a publication targeted to the financial intermediary market), fDi Intelligence and Professional Wealth Management (PWM). In 2013, FT Specialist acquired a majority stake in medical publisher Endpoints News. The Financial Times Group announced

1880-650: Is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic current affairs . Based in London , the paper is owned by a Japanese holding company, Nikkei , with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £ 844 million ( US$ 1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. In 2023, it

1974-408: Is a weekly magazine published with FT Weekend . Founded and launched by Julia Carrick with Lucia van der Post as founding editor, its articles concern luxury goods such as yachts , mansions , apartments , horlogerie , haute couture and automobiles , as well as fashion and columns by individuals in the arts, gardening, food, and hotel and travel industries. How to Spend It started in 1967 as

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2068-555: Is an editorial service on forecasted economic events hosted by the Financial Times that allows users to buy and sell contracts based on future financial, political and news-driven events by spending fictional Financial Times Dollars (FT$ ). Based on the assumptions displayed in James Surowiecki's The Wisdom of Crowds , this contest allows people to use forecasted economic events to observe future occurrences while competing for weekly and monthly prizes. The Financial Times also ran

2162-583: Is headquartered in Bracken House at 1 Friday Street, near the city's financial centre, where it maintains its publishing house, corporate centre, and main editorial office. The FT was launched as the London Financial Guide on 10 January 1888, renaming itself the Financial Times on 13 February the same year. Describing itself as the friend of "The Honest Financier, the Bona Fide Investor,

2256-533: Is published in London. The name of the magazine was changed in 2022 from How to Spend It to HTSI . The FT advocates free markets , and is in favour of globalisation . During the 1980s, it supported Margaret Thatcher and Ronald Reagan 's monetarist policies. It has supported the UK Labour Party in the past, including at the general election in 1992 when Neil Kinnock was Labour leader. The FT 's editorials tend to be pro-European . The FT

2350-824: The Edinburgh Review in 1802. Other British reviews of this period included the Westminster Review (1824), The Spectator (1828), and Athenaeum (1828). In the United States, early journals included the Philadelphia Literary Magazine (1803–1808), the Monthly Anthology (1803–11), which became the North American Review , the Yale Review (founded in 1819), The Yankee (1828–1829) The Knickerbocker (1833–1865), Dial (1840–44) and

2444-626: The Financial Times , "[ Granta ] will not publish any books that could not potentially be extracted in the magazine. We use the magazine as a yardstick for our books.... We are no longer going to look at what sells as a sort of argument, because it seemed to me that we were in danger of losing our inventiveness about what we wanted to do." Authors recently published by Granta Books include Michael Collins , Simon Gray , Anna Funder , Tim Guest , Caspar Henderson , Louise Stern and Olga Tokarczuk . When Rausing purchased Granta , she brought with her

2538-528: The Yale Review (founded in 1819) did not; thus the Yale journal is the oldest literary magazine in continuous publication. Begun in 1889, Poet Lore is considered the oldest journal dedicated to poetry. By the end of the century, literary magazines had become an important feature of intellectual life in many parts of the world. One of the most notable 19th century literary magazines of the Arabic-speaking world

2632-475: The 2024 United States presidential election . On 23 July 2015, Nikkei, Inc. agreed to buy the Financial Times Group, a division of Pearson plc since 1957, for £844m (US$ 1.32 billion) and the acquisition was completed on 30 November 2015. Under the transaction agreement, Pearson retained the publishing rights to FT Press and licensed the trademark from Nikkei. Until August 2015 the FT group had

2726-527: The Anglo-Iranian Oil Company (later BP ), British-American Tobacco , Lever Brothers (later Unilever ) and Shell . The oil and financial sectors were included decades later. The FTSE All-Share Index , the first of the FTSE series of indices, was created in 1962, comprising the largest 594 UK companies by market capitalisation. The letters F-T-S-E represented that FTSE was a joint venture between

2820-487: The Booker Prize and Whitbread Prize . The recognition of Adam Thirlwell and Monica Ali on the 2003 list was controversial, as neither had yet published a novel. Thirlwell's debut novel , Politics , later met with mixed reviews. Ali's Brick Lane was widely praised. Those controversially excluded in 2003 included Giles Foden , Alex Garland , Niall Griffiths , Zoë Heller , Tobias Hill , Jon McGregor (who won

2914-495: The FT publishes a variety of financial indices , primarily the FTSE All-Share Index . Since the late 20th century, its typical depth of coverage has linked the paper with a white-collar , educated, and financially literate readership. Because of this tendency, the FT has traditionally been regarded as a centrist to centre-right liberal , neo-liberal , and conservative-liberal newspaper. The Financial Times

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3008-590: The FT to reverse course and back Labour from 1992 until 2010 , when the FT returned to the Conservative Party. Euroscepticism further drove a wedge between the FT and the Conservatives in 2019 , when the paper refused to make an endorsement, opposed to Labour's socialist economic policies (for wanting to "reverse, not revise, the Thatcherite revolution of the 1980s") and the Conservatives' commitment to

3102-408: The FT website on the same day as its publication. President Macron subsequently published a letter in the FT directly responding to the arguments of the original opinion piece, even if the original opinion piece was no longer available on the website of the newspaper. The editor of the FT , Roula Khalaf , who took the decision to withdraw the initial article, acknowledged having been contacted by

3196-691: The FTSE 350 Index , the FTSE SmallCap Index , the FTSE AIM UK 50 Index and FTSE AIM 100 Index as well as the FTSE AIM All-Share Index for stocks, and the FTSE UK Gilt Indices for government bonds. In 2021, the Financial Times started publishing three multi-asset indexes with Wilshire Associates covering combinations of the top five cryptocurrencies. In July 2006, the FT announced

3290-795: The Financial News in the 1930s, and moved to the Financial Times when the two merged. Lex boasts some distinguished alumni who have gone on to make careers in business and government—including Nigel Lawson (former Conservative Chancellor of the Exchequer ), Richard Lambert ( CBI director and former member of the Bank of England 's monetary policy committee), Martin Taylor (former chief executive of Barclays ), John Makinson (chairman and chief executive of Penguin ), John Gardiner (former chairman of Tesco ), David Freud (former UBS banker and Labour adviser, now

3384-643: The Financial News to form a single six-page newspaper. The Financial Times had a higher circulation, while the Financial News provided much of the editorial talent. The Lex column was also introduced from Financial News . Gordon Newton , a Cambridge graduate, took over as editor in 1949, and immediately introduced a policy (then most unusual in Fleet Street ) of direct recruitment of new university graduates, mainly from Oxbridge, as its trainee journalists. Many of them proceeded to have distinguished careers elsewhere in journalism and British public life and became

3478-401: The Financial Times centres on economic liberalism , particularly advocacy of free trade and free markets . Since its founding, it has supported liberal democracy , favouring classically liberal politics and policies from international governments; its newsroom is independent from its editorial board, and it is considered a newspaper of record . Due to its history of economic commentary,

3572-663: The Financial Times ( F-T ) and the London Stock Exchange ( S-E ). On 13 February 1984 the FTSE 100 was introduced, representing about eighty per cent of the London Stock Exchange's value. FTSE Group was made an independent company in 1995. The first of several overseas offices was opened in New York City in 1999; Paris followed in early 2000, Hong Kong, Frankfurt and San Francisco in 2001, Madrid in 2002 and Tokyo in 2003. Other well-known FTSE indices include

3666-470: The Financial Times announced it was investing in Sifted , a digital-only news site and newsletter covering European startups . The Financial Times' initial 25% stake was subsequently diluted to 14% due to later investments from others. This marked the start of a planned 7-year strategic relationship with Sifted. The Financial Times collates and publishes a number of financial market indices , which reflect

3760-545: The International Dublin Literary Award less than ten years later), Patrick Neate , Maggie O'Farrell and Rebecca Smith. Dan Rhodes contacted others on the 2003 list to try to persuade them to make a joint statement in protest against the Iraq War , which was gaining momentum at the time. Not all the writers responded. Rhodes was so disappointed he considered stopping writing, but has continued. In 2023,

3854-728: The National Endowment for the Arts , which created a committee to distribute support money for this burgeoning group of publishers called the Coordinating Council of Literary Magazines (CCLM). This organisation evolved into the Council of Literary Magazines and Presses (CLMP). Many prestigious awards exist for works published in literary magazines including the Pushcart Prize and the O. Henry Awards . Literary magazines also provide many of

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3948-611: The WSJ was second. In 2022, the FT launched FT Edit, a low-price app aimed at attracting a younger audience. The FT is split into two sections. The first section covers domestic and international news, editorial commentary on politics and economics from FT journalists such as Martin Wolf , Gillian Tett and Edward Luce , and opinion pieces from globally renowned leaders, policymakers, academics and commentators. The second section consists of financial data and news about companies and markets. Despite being generally regarded as primarily

4042-573: The Wisers platform since 2013. From 2015, instead of the metered paywall on the website, visitors were given unlimited free access for one month, after which they needed to subscribe. Pearson sold the Financial Times Group to Nikkei, Inc. for £ 844 million ( US$ 1.32 billion) in July 2015. In 2016, the Financial Times acquired a controlling stake in Alpha Grid, a London-based media company specialising in

4136-569: The late-2000s recession . The magazine has been derided in rival publishers' blogs, as "repellent" in the Telegraph and "a latter-day Ab Fab manual" in the Guardian . A 'well-thumbed' copy of the supplement was found when rebel forces broke into Colonel Gaddafi 's Tripoli compound during the 2011 Libyan Civil War . In September 2021, an Arabic version of HTSI was launched by Othman Al Omeir , founder of Elaph online newspaper. HTSI Arabic

4230-461: The Élysée Palace regarding the article, and defended her decision on the basis purely of several factual errors in the original piece by Mehreen Khan. In January 2019, the FT began a series of investigative articles detailing fraud suspicions at German payments group Wirecard . When the Wirecard share price plunged, German news media speculated that market manipulation was behind this attack on

4324-573: The 1970s, the FT began international expansion, facilitated by developments in technology and the growing acceptance of English as the international language of business. On 1 January 1979 the first FT (Continental Europe edition) was printed outside the UK, in Frankfurt; printing in the U.S. began in July 1985. Since then, with increased international coverage, the FT has become a global newspaper, printed in 22 locations with five international editions to serve

4418-572: The 1990s. He went on to become Head of Technology for the Trinity Mirror Group. Sir Geoffrey Owen was the editor of the Financial Times from 1981 to 1990. He joined the Centre for Economic Performance (CEP) at the London School of Economics as Director of Business Policy in 1991 and was appointed Senior Fellow, Institute of Management, in 1997. He continues his work there. During his tenure at

4512-1060: The Arts, and New Ideas , which began publication in 1951 in England, the Paris Review , which was founded in 1953, The Massachusetts Review and Poetry Northwest , which were founded in 1959, X Magazine , which ran from 1959 to 1962, and the Denver Quarterly , which began in 1965. The 1970s saw another surge in the number of literary magazines, with a number of distinguished journals getting their start during this decade, including Columbia: A Journal of Literature and Art , Ploughshares , The Iowa Review , Granta , Agni , The Missouri Review , and New England Review . Other highly regarded print magazines of recent years include The Threepenny Review , The Georgia Review , Ascent , Shenandoah , The Greensboro Review , ZYZZYVA , Glimmer Train , Tin House , Half Mystic Journal ,

4606-507: The Canadian magazine Brick , the Australian magazine HEAT , and Zoetrope: All-Story . Some short fiction writers, such as Steve Almond , Jacob M. Appel and Stephen Dixon have built national reputations in the United States primarily through publication in literary magazines. The Committee of Small Magazine Editors and Publishers (COSMEP) was founded by Richard Morris in 1968. It

4700-631: The Eurosceptic elements in her party. The FT declared 2019 general election a "fateful election" that "offers no good choices". In the 2024 general election , the FT endorsed the Labour Party again, expressing the need for a "fresh start", while cautioning "Labour's interventionist instincts and fervour for regulation". In the 2008 United States presidential election , the Financial Times endorsed Barack Obama . While it raised concerns over hints of protectionism , it praised his ability to "engage

4794-692: The New Orleans–based De Bow's Review (1846–80). Several prominent literary magazines were published in Charleston, South Carolina , including The Southern Review (1828–32) and Russell's Magazine (1857–60). The most prominent Canadian literary magazine of the 19th century was the Montreal-based Literary Garland . The North American Review , founded in 1815, is the oldest American literary magazine. However, it had its publication suspended during World War II, and

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4888-636: The Respectable Broker, the Genuine Director, and the Legitimate Speculator", it was a four-page journal. The readership was the financial community of the City of London , its only rival being the more daring and slightly older (founded in 1884) Financial News . On 2 January 1893 the FT began printing on light pink paper to distinguish it from the similarly named Financial News : at the time, it

4982-530: The UK, continental Europe, the U.S., Asia and the Middle East. The European edition is distributed throughout continental Europe and Africa. It is printed Monday to Saturday at five centres across Europe, reporting on matters concerning the European Union, the euro and European corporate affairs. In 1994 FT launched a luxury lifestyle magazine, How To Spend It . In 2009 it launched a standalone website for

5076-427: The United Kingdom. The Lex column is a daily feature on the back page of the first section. It features analyses and opinions covering global economics and finance. The FT calls Lex its agenda-setting column. The column first appeared on Monday, 1 October 1945. The name may originally have stood for Lex Mercatoria , a Latin expression meaning literally "merchant law". It was conceived by Hargreaves Parkinson for

5170-488: The acquisition of Alpha Grid, and conferences and events through Financial Times Live and extends the FT 's traditional commercial offering into a wider set of integrated services. In 2020, reporter Mark Di Stefano resigned from the Financial Times after hacking into Zoom calls at other media organisations including The Independent and the Evening Standard . In 2020, the retraction of an opinion piece by

5264-407: The beta launch of newssift, part of FT Search, in March 2009. Newssift.com is a next-generation search tool for business professionals that indexes millions of articles from thousands of global business news sources, not just the FT . The Financial Times Group acquired Money Media (an online news and commentary site for the industry) and Exec-Appointments (an online recruitment specialist site for

5358-447: The changing value of their constituent parts. The longest-running of these was the former Financial News Index , started on 1 July 1935 by the Financial News . The FT published a similar index; this was replaced by the Financial News Index — which was then renamed the Financial Times (FT) Index — on 1 January 1947. The index started as an index of industrial shares, and companies with dominant overseas interests were excluded, such as

5452-410: The country's attention", his calls for a bipartisan politics, and his plans for " comprehensive health-care reform ". The FT favoured Obama again in the 2012 United States presidential election . The FT endorsed Democratic candidates Hillary Clinton in the run-up to the 2016 United States presidential election , Joe Biden in the 2020 United States presidential election, and Kamala Harris in

5546-480: The credibility of their reporting on climate change and cause readers to downplay the climate crisis . According to the Global Capital Markets Survey, which measures readership habits among most senior financial decision makers in the world's largest financial institutions, the Financial Times is considered the most important business read, reaching 36% of the sample population, 11% more than The Wall Street Journal ( WSJ ), its main rival. The Economist , which

5640-472: The development and production of quality branded content across a range of channels, including broadcast, video, digital, social and events. In 2018, the Financial Times acquired a controlling stake in Longitude , a specialist provider of thought leadership and research services to a multinational corporate and institutional client base. This investment built on the Financial Times ' recent growth in several business areas, including branded content via

5734-593: The evolution of independent literary journals. There are thousands of other online literary publications and it is difficult to judge the quality and overall impact of this relatively new publishing medium. Little magazines, or "small magazines", are literary magazines that often publish experimental literature and the non-conformist writings of relatively unknown writers. Typically they had small readership, were financially uncertain or non-commercial, were irregularly published and showcased artistic innovation. Financial Times The Financial Times ( FT )

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5828-409: The executive jobs market). The FT Group once had a 13.85% stake in Business Standard Ltd of India, the publisher of the Business Standard . It sold this stake in April 2008 and has entered into an agreement with Network 18 to launch the Financial Times in India, though it is speculated that they may find it difficult to do so, as the brand 'Financial Times' in India is owned by The Times Group ,

5922-530: The future. Since then, the magazine has repeated its recognition of emerging writers in 1993 (issue #43), 2003 (issue #81) and 2013 (issue #123). In 1996 (issue #54), Granta published a similar list of promising young American novelists, which was repeated during 2007 (issue #97). In 2010 Granta issue #113 was devoted to the best young Spanish-language novelists. Many of the selections have been prescient. At least 12 of those identified have subsequently either won or been short-listed for major literary awards such as

6016-483: The global 2007–2008 financial crisis , but on balance it backed the Conservatives , while questioning their tendency to Euroscepticism . In the 2015 general election , the FT called for the continuation of the Conservative-Liberal Democrat coalition that had governed for the previous five years. In the 2017 general election , an FT editorial reluctantly backed Conservative Theresa May over Labour Jeremy Corbyn , while warning about her stance on immigration and

6110-453: The late 1990s. Between 1997 and 2000, the site underwent several revamps and changes of strategy, as the FT Group and Pearson reacted to the changes online. FT introduced subscription services in 2002. FT.com is one of the few UK news sites successfully funded by individual subscription. In 1997, the FT launched a U.S. edition, printed in New York, Chicago, Los Angeles, San Francisco, Dallas, Atlanta, Orlando and Washington, D.C., although

6204-576: The list for the first time included international writers who view the UK as their home. Literary magazine Nouvelles de la république des lettres is regarded as the first literary magazine; it was established by Pierre Bayle in France in 1684. Literary magazines became common in the early part of the 19th century, mirroring an overall rise in the number of books, magazines, and scholarly journals being published at that time. In Great Britain , critics Francis Jeffrey , Henry Brougham and Sydney Smith founded

6298-411: The magazine had a long and distinguished history. The magazine published juvenilia of a number of writers who later became well known: Geoffrey Gorer , William Empson , Michael Frayn , Ted Hughes , A. A. Milne , Sylvia Plath , Bertram Fletcher Robinson , John Simpson , and Stevie Smith . During the 1970s the publication, faced with financial difficulties and increasing levels of student apathy,

6392-404: The magazine was bought by Sigrid Rausing . In 1989, then-editor Buford founded Granta Books . Granta's stated aim for its book publishing imprint is to publish work that "stimulates, inspires, addresses difficult questions, and examines intriguing periods of history." Owner Sigrid Rausing has been vocal about her goal to maintain these standards for both the magazine and the book imprint, telling

6486-402: The magazine. On 13 May 1995 the Financial Times group made its first foray into the online world with the launch of FT.com. This provided a summary of news from around the globe, which was supplemented in February 1996 with stock price coverage. The second-generation site was launched in spring 1996. The site was funded by advertising and contributed to the online advertising market in the UK in

6580-481: The mainstay of the paper's own editorial strengths until the 1990s. The first such 'direct recruit' was future leading British economist Andrew Shonfield; the second was (later Sir) William Rees-Mogg who went on, via The Sunday Times , to edit The Times in 1967 following its acquisition by Roy Thomson. Other FT Oxbridge recruits included the future Chancellor of the Exchequer Nigel Lawson . The FT ' s distinctive recruitment policy for Fleet Street journalists

6674-451: The most influential—though radically different—journals of the last half of the 20th century were The Kenyon Review ( KR ) and the Partisan Review . The Kenyon Review , edited by John Crowe Ransom , espoused the so-called New Criticism . Its platform was avowedly unpolitical. Although Ransom came from the South and published authors from that region, KR also published many New York–based and international authors. The Partisan Review

6768-451: The newspaper was first printed outside New York City in 1985. In September 1998 the FT became the first UK-based newspaper to sell more copies internationally than within the UK. In 2000 the Financial Times started publishing a German-language edition, Financial Times Deutschland , with a news and editorial team based in Hamburg. Its initial circulation in 2003 was 90,000. It was originally

6862-999: The pieces in The Best American Short Stories and The Best American Essays annual volumes. SwiftCurrent , created in 1984, was the first online literary magazine. It functioned as more of a database of literary works than a literary publication. In 1995, the Mississippi Review was the first large literary magazine to launch a fully online issue. By 1998, Fence and Timothy McSweeney's Quarterly Concern were published and quickly gained an audience. Around 1996, literary magazines began to appear more regularly online. At first, some writers and readers dismissed online literary magazines as not equal in quality or prestige to their print counterparts, while others said that these were not properly magazines and were instead ezines . Since then, though, many writers and readers have accepted online literary magazines as another step in

6956-533: The publication and John Freeman , the American editor, took over the magazine. As of 2023, Granta ' s circulation is 23,000. In the 164th issue Sigrid Rausing, who had served as editor since 2013, announced she would turn over editorship to Thomas Meaney with the Autumn issue of 2023. In 1994, Rea Hederman, owner of The New York Review of Books , took a controlling stake in the magazine. In October 2005, control of

7050-402: The publisher of The Times of India and The Economic Times . The group also publishes America's Intelligence Wire , a daily general newswire service. The Financial Times' Financial Publishing division (formerly FT Business) provides print and online content for retail, personal and institutional finance audiences. Examples of publications and services include: Investors Chronicle ,

7144-602: The publishing imprint Portobello Books , founded in 2005; as of January 2019 the Portobello Books imprint was closed, with all its contracted authors therefter published under the Granta Books imprint. Granta Books are distributed by The Book Service in the UK. Granta Books are distributed by Ingram Publisher Services in the US. In 1983, Granta (issue #7) published a list of 20 young British novelists as names to watch out for in

7238-551: The then British Prime Minister, Tony Blair , and was given a job as an education minister and a seat in the House of Lords after the 2005 election. Ed Balls became chief economic adviser to the Treasury, working closely with Gordon Brown , the chancellor of the exchequer (or finance minister), before being elected a Member of Parliament in 2005, and became Secretary of State for Children, Schools and Families in July 2007. Bernard Gray ,

7332-462: The value of liberal democracy. The Ukrainian newspaper Kyiv Post accused the FT of asking President Putin softball questions, and said the interviewers failed to hold Putin to account. In the 2010 general election , the FT was receptive to the Liberal Democrats ' positions on civil liberties and political reform, and praised the then Labour Party leader Gordon Brown for his response to

7426-588: The window, determined to witness the world." Granta has published twenty-seven laureates of the Nobel Prize in Literature. Literature published by Granta regularly win prizes such as the Forward Prize , T. S. Eliot Prize , Pushcart Prize and more. Granta was founded in 1889 by students at Cambridge University as The Granta , edited by R. C. Lehmann (who later became a major contributor to Punch ). It

7520-505: The world. Globalisation from the late 19th to mid-20th centuries facilitated editorial expansion for the FT , with the paper adding opinion columns, special reports, political cartoons , readers' letters , book reviews, technology articles and global politics features. The paper is often characterised by its light-pink (salmon) newsprint . It is supplemented by its lifestyle magazine ( FT Magazine ) , weekend edition ( FT Weekend ) and some industry publications. The editorial stance of

7614-913: Was Al-Urwah al-Wuthqa . Among the literary magazines that began in the early part of the 20th century is Poetry magazine. Founded in 1912, it published T. S. Eliot 's first poem, " The Love Song of J. Alfred Prufrock ". Another was The Bellman , which began publishing in 1906 and ended in 1919, was edited by William Crowell Edgar and was based in Minneapolis, Minnesota. Other important early-20th century literary magazines include The Times Literary Supplement (1902), Southwest Review (1915), Virginia Quarterly Review (1925), World Literature Today (founded in 1927 as Books Abroad before assuming its present name in 1977), Southern Review (1935), and New Letters (1935). The Sewanee Review , although founded in 1892, achieved prominence largely thanks to Allen Tate , who became editor in 1944. Two of

7708-464: Was also cheaper to print on unbleached paper (several other more general newspapers, such as The Sporting Times , had the same policy), but nowadays it is more expensive as the paper has to be dyed specially. The Berry brothers, Lord Camrose and Gomer Berry (later Lord Kemsley), purchased the Financial Times in 1919. In 1945, Brendan Bracken purchased the Financial Times from Lord Camrose, and, following 57 years of rivalry, merged it with

7802-414: Was an attempt to organize the energy of the small presses. Len Fulton, editor and founder of Dustbook Publishing, assembled and published the first real list of these small magazines and their editors in the mid-1970s. This made it possible for poets to pick and choose the publications most amenable to their work and the vitality of these independent publishers was recognized by the larger community, including

7896-555: Was and still is distributed with the paper every Monday. FTfm is the world's largest-circulation fund management title. Since 2005 the FT has sponsored the annual Financial Times Business Book of the Year Award . On 23 April 2007, the FT unveiled a "refreshed" version of the newspaper and introduced a new slogan, "We Live in Financial Times". In 2007 the FT pioneered a metered paywall , which let visitors to its website read

7990-613: Was announced that Jason Cowley , editor of the Observer Sport Monthly , would succeed Jack as editor in September 2007. Cowley redesigned and relaunched the magazine; he also launched a new website. In September 2008, he left after having been selected as editor of the New Statesman . Alex Clark , a former deputy literary editor of The Observer , succeeded him as the first female editor of Granta . In late May 2009, Clark left

8084-565: Was entitled "New American Writing". Bill Buford (who wrote Among the Thugs originally as a project for the journal) was the editor for its first 16 years in the new incarnation. During this time the staff included Richard Rayner and the novelist Carole Morin . Ian Jack succeeded Buford, editing Granta from 1995 until 2007. Since 2003, Granta has been published in Spain in Spanish. In April 2007, it

8178-494: Was firmly opposed to the Iraq War . Due to its advocacy of free markets and free trade, it is often identified as centrist to centre-right in its political positions. The modern FT is a product of a merger of two smaller newspapers in 1945 ; since that time, the paper had backed the Conservatives fairly consistently, but Labour's tacking to the centre, combined with the Conservatives' embracement of Euroscepticism, led

8272-596: Was first associated with the American Communist Party and the John Reed Club ; however, it soon broke ranks with the party. Nevertheless, politics remained central to its character, while it also published significant literature and criticism. The middle-20th century saw a boom in the number of literary magazines, which corresponded with the rise of the small press . Among the important journals which began in this period were Nimbus: A Magazine of Literature,

8366-549: Was never popular with the National Union of Journalists and ceased in 1966 following the recruitment of Richard Lambert from Oxford, himself a future Editor of the FT . Meanwhile, Pearson had bought the paper in 1957. Over the years, the paper grew in size, readership and breadth of coverage. It established correspondents in cities around the world, reflecting a renewed impetus in the world economy towards globalisation . As cross-border trade and capital flows increased during

8460-485: Was once 50% owned by FT , reaches 32%. FT 's The Banker also proved vital reading, reaching 24%. In addition, in 2010 the FT was regarded as the most credible publication in reporting financial and economic issues among the Worldwide Professional Investment Community audience. The Economist was rated the third-most-credible title by most influential professional investors, while

8554-571: Was reported to have 1.3 million subscribers of which 1.2 million were digital. The newspaper has a prominent focus on financial journalism and economic analysis rather than generalist reporting , drawing both criticism and acclaim. It sponsors an annual book award and publishes a " Person of the Year " feature. The paper was founded in January 1888 as the London Financial Guide before rebranding

8648-418: Was rescued by a group of interested postgraduates , including writer and producer Jonathan Levi , journalist Bill Buford , and Peter de Bolla (now Professor of Cultural History and Aesthetics at Cambridge University ). In 1979, it was successfully relaunched as a magazine of "new writing", with both writers and audience drawn from the world beyond Cambridge. The magazine's first issue as a national publication

8742-587: Was started as a periodical featuring student politics, badinage and literary efforts. The title was taken from the River Granta , the medieval name for the Cam , the river which runs through the city but is now used only for that river's upper reaches. An early editor of the magazine was R. P. Keigwin , the English cricketer and Danish scholar; in 1912–13 the editor was the poet, writer and reviewer Edward Shanks . In this form

8836-585: Was the editor of The Times and is now the chief executive of News Corporation . Will Lewis , a former New York correspondent and News Editor for the FT , edited the Daily Telegraph and the Wall Street Journal . Dominic Lawson went on to become editor of the Sunday Telegraph until he was dismissed in 2005. Andrew Adonis , a former education correspondent, became an adviser on education to

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