Financial Times publication put up for sale
The owner of the Financial Times , Pearson Plc, has announced the possible sale of the newspaper. If the company is satisfied with the terms of the proposed deal, the newspaper will be sold. According to two sources from Bloomberg, the amount of the transaction could reach $ 1.6 billion. Media potential companies Axel Springer , as well as investors from Asia and the Middle East, are mentioned as potential buyers.
Information on financial results of the Financial Times is not disclosed. In the company's statements, they are included in the total revenues of the company's divisions in the field of vocational education. In 2014, they amounted to $ 1.8 billion. Intermediate data for 2015, the company plans to publish on July 24, reports Bloomberg.
FT circulation in 2014 increased by 10% and reached 720 thousand copies. The number of subscribers of the publication is 504 thousand people. About 70% of them are subscribers of the online version of the publication.
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In November 2014, Pearson Chief Financial Officer Robin Friston announced that selling the FT "is not a top priority" for the company.
Talk about selling the Financial Times has been going on since 2012. Then The New York Times wrote about the possible purchase of the publication by Michael Bloomberg (the founder of the agency Bloomberg). But in early 2013, Pearson CEO John Fallon said that "this business is not for sale."
In early July, Megamind wrote that the German publisher Axel Springer and the media corporation ProSiebenSat.1 are negotiating a merger. Negotiations are still at the initial stage. The capitalization of the combined company could reach 14.4 billion euros. This will allow it to become the largest media company in Europe.
Information on financial results of the Financial Times is not disclosed. In the company's statements, they are included in the total revenues of the company's divisions in the field of vocational education. In 2014, they amounted to $ 1.8 billion. Intermediate data for 2015, the company plans to publish on July 24, reports Bloomberg.
FT circulation in 2014 increased by 10% and reached 720 thousand copies. The number of subscribers of the publication is 504 thousand people. About 70% of them are subscribers of the online version of the publication.
')
In November 2014, Pearson Chief Financial Officer Robin Friston announced that selling the FT "is not a top priority" for the company.
Talk about selling the Financial Times has been going on since 2012. Then The New York Times wrote about the possible purchase of the publication by Michael Bloomberg (the founder of the agency Bloomberg). But in early 2013, Pearson CEO John Fallon said that "this business is not for sale."
In early July, Megamind wrote that the German publisher Axel Springer and the media corporation ProSiebenSat.1 are negotiating a merger. Negotiations are still at the initial stage. The capitalization of the combined company could reach 14.4 billion euros. This will allow it to become the largest media company in Europe.
Source: https://habr.com/ru/post/292802/
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