Categories: OLD Media Moves

Financial Times parent Pearson reports strong financial results

Pearson, the parent company of the Financial Times, reported a 26 percent increase in earnings during the first six months of the year, boosted by a strong performance at the business newspaper, reports Paul McNally.

McNally writes, “Advertising revenues at the FT rose two per cent in the first half of 2008, buoyed by growth in consumer goods and luxury products.

“Pearson said it was difficult to predict how this would change as the economic downturn took hold, but added: ‘We continue to expect to increase profit at FT Publishing even without any growth in advertising revenue.’

“Subscriber numbers for FT.com remained stable around the 100,000 mark.

“Pearson said all of its businesses were on track. Overall, the company posted a 14 per cent rise in revenue to £1.97bn, with operating profit up 38 per cent to £124m.”

Read more here.

Recent Posts

Dynamo hires former Business Insider executive editor Harrington

Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…

13 hours ago

Bloomberg TV hires Kerubo as desk producer

Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…

13 hours ago

Jittery CNBC staff reassured by new boss

In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…

13 hours ago

Making business news accessible to a wider audience

Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…

13 hours ago

Rest of World hires Lo as China reporter

Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…

14 hours ago

Bloomberg rises to No. 7 biz news website

Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…

14 hours ago