Categories: OLD Media Moves

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.”

Read more here.

Recent Posts

Bloomberg Industry Group hires Mays as investigative reporter

Bloomberg Industry Group has hired Mackenzie Mays as an investigative reporter. Mays currently covers state government and…

3 hours ago

WSJ seeks a senior video journalist

The Wall Street Journal is seeking a senior video journalist to join its Features video…

1 day ago

PCWorld executive editor Ung dies at 58

PCWorld executive editor Gordon Mah Ung, a tireless journalist we once described as a founding father…

3 days ago

CNBC taps Sullivan as “Power Lunch” co-anchor

CNBC senior vice president Dan Colarusso sent out the following on Monday: Before this year comes to…

4 days ago

Business Insider hires Brooks as standards editor

Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm excited to share…

4 days ago

Is this the end of CoinDesk as we know it?

Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…

5 days ago