Italy’s Agnelli family – via its investment arm, Exor – has agreed to buy the bulk of Pearson’s shares in the group, less than a month after Pearson sold the FT Group to Japan’s Nikkei for £844m.
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In spite of a slump in profit for the half year ending 4 July 2015, Johnston Press has said that it traded well over the period, with digital revenues up 17.5%.
July was a strong month for both the Sun and the Sun on Sunday, whilst the FT saw its circulation drop by more than 7,000, according to the latest ABC figures.
Digital revenues at the group’s core business increased 20% from £68.3 million in 2014 to £82.1 million, helping to reduce losses before interest, depreciation and amortisation from £19.4 million to £19.1 million.
Now the FT is in the hands of one of Japan’s biggest media groups, the vital issue of the paper’s editorial independence hangs in the balance, writes Raymond Snoddy.
Bloomberg Media has appointed Arif Durrani as commercial editor for Europe, the Middle East and Africa.
Days after announcing it is to sell the Financial Times, Pearson has confirmed plans to sell its 50% stake in the Economist Group.
Heat magazine has appointed Cosmopolitan’s Suzy Cox as its new editor.
Pearson waves goodbye after almost 60 years – but deal excludes the FT group’s 50% stake in the Economist and its London headquarters.
New research shows that 18-34 year olds access newsbrands constantly during the day, often in bite-sized forms and through various channels.