“Marjorie Scardino gave the Financial Times 15 years of certainty. It was a prime Pearson responsibility and would stay that way while she stayed chief executive. But that pretty golden era ended as the old year turned and Dame Marjorie retired. Enter John Fallon from the education division: enter uncertainty.
“Is that a Bloomberg bid we see just over the horizon? Surely one of the big information operators would be tickled pink to have a prestige daily as part of its package? Fallon doesn’t move to quash the speculation. Indeed, he doesn’t move at all. Sitting there mum, though, doesn’t make sense for a property so fragile and precious. Anxiety hurts. Rumour hurts. If Fallon is wise, he’ll repeat the Scardino pledge – or admit he’s a seller pretty damn quick, and get on with it while there are good things left to sell.”
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