An Asian edition of the paper will start printing in Sydney in autumn, bringing the FT's total number of print sites to 24, including London, Paris, New York, San Francisco, Tokyo, Hong Kong, Dubai and Johannesburg. The paper sells the bulk of its 424,658 copies overseas.
The move follows the launch of the FT's Asia edition, in print and online, in September last year, which created an editorial hub in Hong Kong. The paper claims that an expanded Asia editorial team will enable earlier and more flexible deadlines. At present, Australian readers have to wait until late in the day to receive the paper, which is currently printed in Singapore, as well as Hong Kong.
John Ridding, editor and publisher of the FT's Asia edition, said: "The Australian media market is both competitive and sophisticated, but our mission is not to compete on a local level, but to report, analyse and deliver the global and regional events that matter to Australian people doing business internationally. Our advantage is our global editorial network and our research has shown that there is a growing demand for the type of truly global, high-quality political and business coverage, which the FT provides."
The Asia edition currently has a circulation of 30,000 across the region. In June last year, the FT began printing and distributing How to Spend It, its luxury goods magazine, across the region and in the same month launched online in China with a Mandarin-language website.
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