Pearson, owner of the Financial Times, has reported an increase in sales and operating profits for 2008.
Online showed impressive growth for the FT Group last year, with 67% of revenues coming from digital services, up from 28% in 2000, while 25% of revenues were from advertising, down from 52% eight years previously.
Advertising revenues at FT Publishing were down 3% over the year, with a “weak” fourth quarter.
Circulation revenues from the FT increased 16%, due to an 18 month period which saw its cover price rise from £1 to £1.80.
Overall, sales were up 8% at constant exchange rates to £4.81 billion, while adjusted operating profit rose 11% to £762 million.