Digest

Thu, 15 Mar 2001

FT.com, the online version of the Financial Times, will receive substantially less investment from its parent, Pearson, this year. The site received &£113m in 2000 but Pearson chief executive Marjorie Scardino is under pressure from shareholders to concentrate on making money out of website visitors, rather than on increasing unique users or page impressions. Pearson's online budget this year is reported to be &£40m to &£50m.