Financial Times results strengthen
Paul MacNally of the Press Gazette in London writes that Pearson’s first-quarter results show that it is continuing to grow its content, subscription and digital revenues at the Financial Times despite the tough economic conditions.
MacNally writes, “The FT increased its cover price from Â£1.80 to Â£2 last month. The paper’s price has risen steadily over the past year.
“Pearson said it expected group full-year profits in 2009 to either match or beat last year.
“Chief executive Marjorie Scardino said: ‘The economic environment makes us cautious about this year, but we’re encouraged by the start we’ve made.Â
“‘It indicates that Pearson can continue to perform well, even as some of our businesses face tough market conditions.'”
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