FINANCIAL TIMES UNDER ATTACK. REALLY?

One example more of the media propaganda war.

The Financial Times crisis.

Crisis?

We are told todaty that on the circulation side, the free financial paper, City AM is to surpass the pinksheet's sales this year.

FT sold 92,599 copies per day in Britain last month.

The freesheet will soon hit the 100,000 copies-distributed mark.

City AM claims a major demographic as its readership - the average reader is 36 and pulls in £77,OOO.

Let me start that saying that I am FT reader.

And that I don´t have any problem with City AM, except when they pretend to compite against the FT.

I am sure that the FT needs a compact-re-evolution, but I will not question or compare the quality of its newsroom, journalism or demographics.

Tomorrow we can have a City AM in New York and I will be reluctant to consider the free paper as a WSJ competitor.

And again I am sure that the Wall Street Journal needs also a dramatic compact-re-evolution, better executed than the one done for their international editions.

But if City AM is seen as a competitor, what?

Where there is no competence, there is incompetence.

And what the FT and WSJ need is real competition, not cheap shots.