Financial Times put up for sale

    The owner of the Financial Times , Pearson Plc, announced the sale of the newspaper. If the company is satisfied with the terms of the proposed transaction, the newspaper will be sold. According to two sources at Bloomberg, the deal could amount to $ 1.6 billion. As possible buyers mention the media concern Axel Springer , as well as investors from Asia and the Middle East.

    Information about the financial results of the Financial Times was not disclosed. In the financial statements of the company they are included in the total income of the company’s departments in the field of professional education. In 2014, they amounted to $ 1.8 billion. The company plans to publish interim data for 2015 on July 24, reports Bloomberg.

    FT circulation in 2014 increased by 10% and reached 720 thousand copies. The number of subscribers to the publication is 504 thousand people. About 70% of them are subscribers to the online version of the publication.

    In November 2014, Pearson Chief Financial Officer Robin Freestone announced that selling FT was “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 (founder of 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.1are negotiating a merger. Negotiations are still at the initial stage. The capitalization of the combined company may amount to 14.4 billion euros. This will allow her to become the largest media company in Europe.

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