Financial Times profit expected to increase in 2008
Paul McNally of the Press Gazette in London writes Friday that the parent company of The Financial Times expects its profits to increase in 2008.
McNally writes, “In a trading update ahead of the group’s annual general meeting this morning, Pearson said the Financial Times Group was continuing to grow its advertising, circulation and subscriptions revenue.
“The Pearson chief executive, Marjorie Scardino, said: ‘The start we’ve made to the year makes us confident that this will be another good one.
“‘We expect another year of good earnings growth, even in these more uncertain economic conditions.’
“The Financial Times, which won Newspaper of the Year at the British Press Awards earlier this month, has an ABC-audited circulation of 454,937, more than two-thirds of which are overseas sales.”
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