UK: Financial Times update

Despite a 3% rise in advertising revenue, the Financial Times is still on the chopping block, according to BrandRepublic. The International Herald Tribune also reports that the annual shareholder's meeting of Pearson, the media group that owns the FT, concluded that the daily would not be sold and said that after a few years of losses, the paper will break even this year. In a more useful note for editors, the Guardian writes that the pinksheet's news editor role will be divided between two staff members. Editor Andrew Gowers said, "We run a global, 24-hour news operation, and the fact that we have chosen two people to run it reflects the scale of the role."

Sources: BrandRepublic, IHT, Guardian