Financial Times Publisher Posts Rising First-Half Profit
Pearson (PSO), the company behind the UK’s Financial Times newspaper and a backer of pro-capitalist glossy The Economist, today announced that first-half 2010 adjusted operating profit rose 79% year over year to £178 million and said its publishing business was performing well.
For the first half of 2010, Pearson’s FT Group posted an adjusted operating profit of £30 million on revenue of £192 million. Advertising for the Financial Times “returned to growth,” and digital subscriptions climbed 27% to 149,000 while the group added 1,000 direct corporate licenses.
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