Nikkei’s surprising purchase of the Financial Times

SPIRITS were high at the prestigious Imperial Hotel in Tokyo on July 24th as the top brass of Nikkei, Japan’s largest media company, gathered before local newspapermen to broadcast their purchase of the Financial Times. “I don’t have the skill to read it but I do gaze upon it,” declared Tsuneo Kita, Nikkei’s chairman. Many big, global names in journalism have at one time or another been outed as imminent buyers for the paper, but never that of Nikkei, which remains relatively...

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