Tuesday 15th March: How the FT's 1 million digital subscribers help its ad business

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Earlier this month the Financial Times announced it had 1 million digital subscribers, many from outside the UK. Almost half of the FT’s total revenue now comes from digital subscriptions and chief commercial officer Jon Slade has been speaking to Digiday about how the publication made that major milestone and how it could help its ad revenue.

He explains how - slightly counter intuitively - a publication's subscription business can 'power' its advertising business, delivering data that can drive an 'effective, analytical, targeted advertising business'. The bottom line is understanding your audience enough to get them to renew their subscriptions also lets you create a better advertising proposition.

Slade says: "The richer that inventory is... the better your pricing leverage in an advertising market, which is otherwise trending downwards in terms of price." For the FT, subs and ads are symbiotic, not and “either-or.”

On the day that we heard of the killing of a US journalist in Ukraine, the Press Gazette reported there are more than 50 journalists from the UK covering the war in Ukraine from inside the country. The industry title has details of every major UK outlet's commitment to report on the conflict and also compiled a Twitter list of UK journalists tweeting from Ukraine.

Esther highlighted Reach's dopey traffic target strategy last week and James Ball has written about it for the New Statesman. His bottom line is actually providing people with local information they need or care about is in direct competition with crude traffic targets. He says: "Reach risks knowing the ad rate of everything, but the value of nothing."

If you're tired of the slow grind of growing your TikTok following, maybe you should try Kwai. Just two weeks after posting her first video on the Chinese-owned TikTok competitor Brazillian creator Moreira had 120,000 followers. She is now closing in on 600,000, with each of her videos averaging around one million views. I'm not sure if you need to be able to create in Portuguese, but if you're in a hurry, Kwai might be worth a shot.

This week's podcast:

No new podcast episode until tomorrow when we release our latest Conversations episode in partnership with Passendo. Until then, here's Sara Fischer, Media Reporter at Axios, talking about her weekly Media Trends newsletter and her process for crafting a thoughtful, informative product.

The winner of the Publisher Podcast Hero of the Year award in 2021’s Publisher Podcast Awards was Theodora Louloudis, Head of Audio at The Telegraph. I caught up with her to explore how Covid changed The Telegraph’s audio strategy, what it’s like working with columnists and journalists, and how they decide which podcasts to make.