Lionel Laurent of Forbes writes Tuesday about how a slowing U.S. economy could negatively impact The Financial Times.
Laurent noted that French billionaire Bernard Arnault, owner of Louis Vuitton Moet Hennessey, is also interested in purchasing the newspaper.
“‘The Financial Times is doing very well,’ said a spokesman for Pearson Tuesday. ‘Circulation growth has been clear throughout the year. Advertising growth has been strong throughout the year.’
“The Financial Times itself reported last week that Pearson was poised to sell its stake in German sister paper FT Deutschland, despite a clear ‘no comment’ from the company. Given that Pearson has offloaded the brand in France and Spain, pressure could build once more for a sale of the core British publication.”
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