Pearson has decided to sell FT, announcement due shortly: source
[LONDON] British publisher Pearson has decided to sell the Financial Times newspaper to a global, digital news company, a person familiar with the deal said on Thursday.
A full announcement is expected shortly, the person told Reuters.
Pearson, which has become the world's leader in educational publishing, believes the time is right for it to focus fully on its education strategy and no longer on the media sector, the person said, speaking on condition of anonymity.
Pearson declined to comment.
The group, which has owned the salmon pink-paged newspaper for nearly 60 years, is due to report results on Friday.
Shares in Pearson were up 1.9 per cent after the Reuters report.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Australia wants businesses to diversify after China scraps wine tariffs
Japan drugmaker reports two more deaths in supplement scare
Chanel flap bag now costs more than 10,000 euros in Paris
Florida governor, Disney reach settlement in lawsuit over special district
Kobayashi Pharma ordered to recall red yeast rice pills after 2 deaths
Second Chance Properties H1 profit falls 52.8% to S$4.3 million