Categories: OLD Media Moves

Financial Times not likely to be sold

The Financial Times, which has been rumored as being for sale for several years, isn’t likely to be sold now that new management is running the operation, the Times of London reported Tuesday. Their reasoning? The new person running the newspaper business would be in line to replace CEO Marjorie Scardino.

Times media editor Dan Sabbagh and Rhys Blakely write, “The poor profitability of the titles had led to some calls that Pearson should concentrate on its world leading educational publishing unit, but with a chief executive-elect in place, it is hard to imagine her doing herself out of a job by selling the business she is supposed to run.

“Taking on a wider role than M Fleurot’s, Ms Fairhead, who joined Pearson in 2001 from ICI, the chemicals group, will have responsibility for ‘pulling together different parts [of Pearson’s business] in the digital age,’ a spokeswoman for Pearson said.

“As well as the FT, Ms Fairhead will have responsibility for Pearson’s international business newspapers and financial magazines as well as Interactive Data Corporation, which provides information on financial markets.”

Read more here.

Recent Posts

NPR seeks a tech reporter in San Francisco

NPR seeks a Technology Reporter who will focus on how the tech industry shapes our lives…

4 hours ago

SABEW starts retiree membership, benefits

The Society for Advancing Business Editing and Writing has launched a retiree membership. A retiree…

4 hours ago

How the FT connects with consumers

Tim Healy of The Drum interviewed Fiona Spooner, the managing director of consumer revenue at…

5 hours ago

SpaceNews hires Gruss as chief content and strategy officer

Mike Gruss, the former editor in chief of Defense News, has been hired as chief…

10 hours ago

Marfil among the WSJ layoffs in DC

Jude Marfil, newsroom operations manager for The Wall Street Journal in its Washington office, was…

1 day ago

Greene departing Cointelegraph

Tristan Greene, deputy U.S. news editor at cryptocurrency news site CoinTelegraph, is leaving next month…

1 day ago