Categories: OLD Media Moves

Pearson looking to sell Mergermarket

Pearson is exploring a possible sale of the Mergermarket Group, which has approximately 300 journalists covering mergers and acquisitions and is unit that is part of the Financial Times Group, according to a story on BtoB Media Business.

The story states, “‘This process is at an early stage, and there is no certainty that it will lead to a transaction,’ the company said in a statement announcing its interim financial results for the first half.

“Mergermarket specializes in M&A and corporate financial news and analysis with brands including Dealreporter, Debtwire, Policy and Regulatory Report and Wealthmonitor. Founded in 2000 and acquired by Pearson in 2006, Mergermarket generates more than $150 million in annual sales, Pearson CEO John Fallon told analysts during an earnings call last week.

“‘Mergermarket is a growing business. It’s digital. It’s global. It’s service-oriented, and it has certainly flourished under Pearson’s ownership. It’s a highly valuable business in its own right, but we don’t see it playing any meaningful role in our emerging professional learning strategy,’ Fallon said during the call. ‘The process that we will now undertake over the next few months will determine whether we can be persuaded that it is worth more to somebody else than it is to Pearson.'”

Read more here.

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.

View Comments

    Recent Posts

    WSJ is testing AI-generated article summaries

    The Wall Street Journal is experimenting with AI-generated article summaries that appear at the top…

    54 mins ago

    Cohen joining Bloomberg Tax

    Zach Cohen is joining Bloomberg Tax to cover the fiscal cliff and tax issues on…

    1 hour ago

    Avila named interim editor for Automotive Dive

    Larry Avila has been named interim editor for Automotive Dive, an Industry Dive publication. He…

    1 hour ago

    Reuters seeks a fact-checking editor

    Reuters is seeking an experienced editor to take part in our fact-checking project and support the…

    4 hours ago

    Making financial news more accessible

    CNBC Make It reporter Ashton Jackson writes about ways to make financial news more accessible to consumers.…

    16 hours ago

    SABEW names Best in Business Book winners

    The Society for Advancing Business Editing and Writing announced Wednesday the winners and finalists for…

    21 hours ago