The specialty publication, which claims to be doing well with online subscriptions, added:
The crisis is acute in the US, where some newspaper groups are in Chapter 11 bankruptcy and there are questions over the long-term future even of venerable titles such as The New York Times and The Washington Post.
FT.com ended the editorial with this: “Perhaps some of the reporting done up to now by for-profit papers will in future be funded by foundations or trusts. But the industry should not lose faith in the free market. When people really want or need something, they will pay for it, one way or another. If today’s publishers cannot convince their readers to do so, they will be overtaken by others that can.”