It's true. However, like the Wall Street Journal, the Financial Times can get away with both registration and pay walls because their clientele have money and are willing to throw it around.

As finance news sites go, the FT isn't too bad. Much of their stuff is available for free, if behind registration wall. They're like Bloomberg that way. (Bloomberg recently went from "our articles are free" to "free for the first few articles and then you hit the registration wall" model, which I find annoying.)

The WSJ is a pain; they charge for most things. Barron's is like that as well, as is Investor's Business Daily, I think. I end up not reading any of them.