Recently, the words “advertising” and “newspapers,” when used together, have signaled the start of a rather depressing converstaion.
Today I found an exception.
The Financial Times announced yesterday that its iPad app has generated more than £1 million (approximately $1.58 million) in advertising revenue since its launch five months ago in May. More than 400,000 people have downloaded the app, and this number accounts for more than 10 percent of the paper’s new digital subscriptions.
In a stroke of serendipity for this post, The Poynter Institute also released an article yesterday about the iPad and how midsized metro and local newspapers aren’t racing to develop their own apps. Poynter digital media fellow Damon Kiesow found 13 papers that had developed applications—though two of the 13 are “universal” apps, meaning they are coded to function on both the iPhone and the iPad.
Now, obviously a comparison between the Financial Times, an international media organization whose website operates behind a £1 per day paywall, and a handful of midsized metro and small papers is not an apples-to-apples comparison. Journalists, though, are taught early on one way to find stories is to localize national issues—perhaps the same principle could apply here as well.

