Delta Award Winning Story

Financial Times

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The Financial Times Continues to Strengthen 130-year Legacy Through Community

FT hero circle

Financial Times Achieved

Increased revenue impact through the introduction of gift subscription feature

Invested in member-suggested initiatives like pub quizzes, "Ask an Expert" Q&As, and Reddit AMAs

Strategic business impact through innovative use of advocates

Overview

The Financial Times has always valued their passionate advocates. But in a rapidly changing landscape, they asked: "How can we create and leverage advocacy among our most passionate readers?"

Using their research community  the Feedback Forum, as well as other sources of original research, they conducted a dedicated, comprehensive survey with that question in mind. The team collected rich quantitative and qualitative data, capturing powerful soundbites and emotions from readers who explained their first experience with the newspaper, and who introduced them to the brand.

Through text and sentiment analysis, the team was able better understand the similarities and differences of legacy readers to those who are newer to the brand. The insights led to the implementation of a “gift subscriptions” program, incentivizing loyal readers to share Financial Times content with new potential readers, helping to use those trusted readers to inspire the next generation of FT subscribers to try the brand.

Program Goals:

  • Determine how to better leverage brand advocacy amongst readers
  • Increase readership engagement and brand loyalty
  • Understand the modern day readership experience

Business Opportunity 

For over 130 years, the Financial Times has been a leading global news organization, recognized internationally for its authority, integrity, and accuracy. They continue to serve a uniquely broad set of audiences and have been doing so through a constantly and rapidly changing media landscape. 

In order to keep a strong pulse on the changing needs of their readership, the Financial times established a community of vetted readers, called the Feedback Forum. Their research team now collects rich feedback from passionate fans, informing how best to increase engagement across all audiences. 

To continue building on this success, the research team posed themselves the question: “How can we create and leverage advocacy amongst passionate readers?”

FT body


Solution

Through the Feedback Forum, the research answered this question through a dedicated reader study collecting both quantitative and qualitative responses. The study aimed to dig deeper into brand sentiment by using emotionally charged questions including:

  • Who introduced you to the FT? 
  • What relationship did they have to you?
  • Where were you at the time? 
  • What first caught your attention about the FT?

These prompts helped respondents go into additional detail about not only their experience, but their personal and emotional connection with the brand. This allowed the research team to capture incredibly rich feedback, helping to tell a powerful story driven by their readers.

The team then went on to conduct text and sentiment analysis on their findings and segmented those responses by recency of respondent discovery of the Financial Times. This enabled them to note clear differences and themes based around reader loyalty and maturity with the brand.

Results 

One of the strongest recommendations that came out of the study findings was the financial opportunity around the introduction of gift subscriptions. This is something the organization has since been developing. The team expects to see this drive significant engagement with current readers leading to increased revenue and brand awareness.  

Additionally, Financial Times has expanded or launched several new community-recommended programs which have all shown encouraging signs of boosting audience engagement. These include: 

  • A pub quiz night presented by one of the company's newsletters which brought together many of their advocates
  • The introduction of a new Q&A tool called ‘Ask an Expert’ which connects the FT readership with their journalists and enables them to directly ask questions 
  • Journalist participation in Reddit ‘Ask me Anything’ (AMA’s) forums

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