Financial Times Publisher's Revenue Grows 7% in Q1

Pearson (PSO), the company behind the Financial Times, today announced that its first-quarter revenue rose 7% to $1.66 billion. Part of the increase was due to improving newspaper-ad sales.

The Guardian reports:

FT Publishing, the division that owns the Financial Times, has seen strong demand for subscriptions in print and online and “return to growth” in advertising revenues contribute to a “good first quarter”. Like pretty much all media owners, Pearson suffered “sharp declines” in ad revenues in 2009.

“We

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