Tsuneo Kita News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Just general surprise and big news. Yeah, pretty surprising. Im hoping that through the new ownership the quality of the reporting from a business perspective is going to improve. Nikkei issued its first paper in 1876. The Japanese Firm seeks to bolster its Global Economic reporting through the acquisition. It also intends to use the ft groups Customer Base to strengthen its digital operations. Nikkeis chairman tsuneo kita said hes excited about pairing up with the Financial Times. He said both firms share economic values. Well the newspaper industry is suffering from shrinking circulation and advertising revenue. Ramin mellegard joins us from the business desk. Whats behind the planned buyout . A lot of focus, a lot of interest on this story, catherine. Both the nikkei and the ft group really trying to capture new sources of revenue. Media companies have been laying off workers while also pushing their paid online subscriptions as part of their survival strategies. Now, the consumers

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