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

    Marfil among the WSJ layoffs in DC

    Jude Marfil, newsroom operations manager for The Wall Street Journal in its Washington office, was…

    3 hours ago

    Greene departing Cointelegraph

    Tristan Greene, deputy U.S. news editor at cryptocurrency news site CoinTelegraph, is leaving next month…

    3 hours ago

    Dynamo hires former Business Insider executive editor Harrington

    Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…

    2 days ago

    Bloomberg TV hires Kerubo as desk producer

    Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…

    2 days ago

    Jittery CNBC staff reassured by new boss

    In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…

    2 days ago

    Making business news accessible to a wider audience

    Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…

    2 days ago