Chairman Tsuneo Kita says he will guarantee FT independence but admits he still needs a dictionary to read the newspaper’s contentNikkei will spend its $1.3bn purchase of the Financial Times to build a digital media powerhouse by harnessing the English-language newspaper’s brand and skill in getting subscribers to pay for premium commerce news,its chairman said.
As the biggest international acquisition by a Japanese media organisation completes, Nikkei chairman Tsuneo Kita also said he would guarantee the independence of the salmon-pink title by giving his word about not meddling.
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Source: theguardian.com