Financial Times will break even in 2005
That’s according to a statement released by parent Pearson Plc posted on its Web site today. The entire release can be read here.
In relation to the Financial Times, the release states, “the Financial Times sustained its advertising revenue growth and will reach breakeven.”
This Bloomberg story states that the Financial Times lost money each of the past three years due to a decline in financial advertising.
Pearson will release its earnings on Feb. 27. What it was doing today was giving some guidance to investors and analysts.