Blake: ‘illustration encourages children to read’
Former Children’s lau...
WMF panel: libraries need national e-lending model
A national library e-lendin...
Nelson Thornes looks to iPad for GCSE material
Nelson Thornes is to launch...
Pearson makes "significant changes" to structure
Pearson has revealed &ldquo...
Penguin and WHS partner on charity summer reading campaign
Penguin and W H Smith have ...
Pearson denies FT sale
01.01.70 | Katie Allen
Pearson has denied reports that it is about to sell off the Financial Times, with a spokesperson for the current Penguin parent company saying the newspaper is a "valued and valuable part of Pearson".
Bloomberg reported last night that Pearson was "planning to explore a sale" of the FT this year. However, a Pearson spokesperson said: "We have said many times that the FT is a valued and valuable part of Pearson. We are not in the habit of responding to rumours, speculation or reports about our portfolio, however this particular Bloomberg story is wrong."
Speculation over the possible sale of the newspaper has increased after Pearson agreed to merge Penguin with Random House last week, and after Pearson c.e.o. Dame Marjorie Scardino, who famously said she would sell the FT "over my dead body", announced plans to step down at the end of the year.