Categories: OLD Media Moves

FT’s parent says 2011 earnings will beat guidance

Pearson, the London-based parent of the Financial Times, said Thursday that its financial results for 2011 will be higher than its previous guidance.

Ben Fenton of the Financial Times writes, “It said revenues from digital sources reached about $3bn, while $1bn of sales were generated in emerging markets.

“The key North American education division showed ‘resilience’ that allowed the company to counter the effects of a difficult market, the statement said.

“International education benefited from recent acquisitions in China and Latin America and there was continued growth in the professional education market.

“The company said that the FT group would ‘report good growth despite weak and volatile advertising market conditions.’

“It added: ‘Our digital and subscription-based revenues at both the FT and Mergermarket continued to climb.'”

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Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.