Rumors Fly Over Potential Sale of Financial Times
Anyone want to buy a pink newspaper? Because according to several rumors, The Financial Times is going to be up for sale soon. The Wall Street Journal reports that the departure of Pearson’s CEO Marjorie Scardino will bring about the paper’s sale.
The working theory is that Pearson is mostly focused on its education business, and could use the capital gained by selling off the FT (and Penguin Books) to acquire additional education-centric assets and build new products.
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