FT.com to introduce subscription service

Pearson's Financial Times newspaper has announced a subscription service for its FT.com website.

Pearson's Financial Timesnewspaper has announced a subscription service for its FT.com website.

The newspaper, which expects its website to break even by the end of this year, said today it would charge £75 sterling a year for full access to its five-year news database, a new search engine and archives of the widely read daily financial comment Lex.

Access to the latest news, a daily Lex column and a one-week archive would continue to be free, it said.

A second, £200 pound-a-year subscription would provide access to a more extensive news database, which includes 12 million articles from over 500 media sources and financial data on 18,000 listed companies in 55 countries.

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The subscription service would start in May.

The newspaper said subscription income was expected to generate some 10 per cent of the site's revenues this year, alongside advertising, syndication and e-commerce. FT.com said it had some 2.7 million unique users.

Rival financial newspaper Wall Street Journalcharges for access to most of its website.