Sharewatch: Pearson Rises Despite Mixed Results
Week on week analysis of the media sector reveals that Pearson was the week’s biggest climber, up 4.38%, despite posting a mixed set of financial results (see FT Ad Revenues Drop 24% In 2002, No 2003 Recovery Seen).
An the other end of the scale, Carlton was seen down 11.18% week on week, despite continued rumours of Apax Partners putting in a bid for parts of the company ahead of its planned merger with Granada (see Venture Capitalists Eye Carlton And Granada).
Elsewhere, investors considered reports that AOL Time Warner’s top UK TV executive has said that he would be more interested in buying Channel Five than ITV, when media ownership rules are relaxed by the Communications Bill (see Government Finally Publishes Communications Bill).
The closing prices of media company shares on Friday were:
