Categories: OLD Media Moves

Pearson CEO: Fewer FT jobs in U.S. and England

The chief executive officer of Pearson PLC told staff at the Financial Times Monday that there will be fewer jobs in the U.S. and U.K. as the publisher focuses on emerging markets, according to a person who attended the meeting.

Kristen Schweizer of Bloomberg News writes, “FT Group CEO John Ridding, who joined Fallon at the meeting, said that while losing some positions will be the most difficult part of the restructuring, maintaining the current situation isn’t possible, the person said. Neither executive specified which departments would be affected, according to the person.

“The structural change under way in the newspaper industry makes it necessary to act more hastily, Ridding said, according to the person. Changes include adding more jobs in Brazil, India and China, and embedding FT videos in educational materials at Pearson-owned schools.

“Fallon, who took over from Marjorie Scardino in January, also told staff that the Financial Times isn’t for sale and that every Pearson unit has to be sustainable, according to the person.”

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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.