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Media Lifeline: Financial Times.(Chronology)
Can the FT's redesign and new advertising campaign help it to keep pace with its rivals?
November 2005: Andrew Gowers, the editor since 2001, quits after strategic differences with senior management at Pearson, the Financial Times' parent. He is replaced by the US managing editor, Lionel Barber, who begins a reorganisation of the editorial team.
February 2006: As the newsroom shake-up continues (the deputy editor and joint news editors have been replaced, while other departures have included the design editor, Richard Addis), the Barber regime receives a welcome morale boost when it is revealed that the FT has returned to profitability after three years in the red - the darkest days having come in 2003 when it recorded a pounds 32 million loss.
July 2006: And the upheaval continues with the appointment of a new executive team - in May, Rona Fairhead is made the chief executive of FT Group; and in June, John Ridding becomes the chief executive of the Financial Times and FT.com, reporting to Fairhead. As he joins, Ridding berates his staff for the general feeling of doom and gloom he perceives, but spirits don't exactly lift in July, when 50 editorial redundancies are announced.
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