Pearson to sell German newspaper

<p>Pearson is in talks to sell a 50% share of Financial Times Deutschland to magazine publisher Spiegel-Verlag Rudolf Augstein GmbH, people familiar with the situation said.<br /><br />The Wall Street Journal reports that while the value of the deal is likely to be small, selling part of the Financial Times brand would be a major symbolic move for the London-based media company. The German-language daily business newspaper was established in 2000 to extend the FT brand into Germany, Europe&#39;s largest economy.<br /><br />Pearson would be discarding the last of its non-English-language newspapers. A sale also would let Pearson management concentrate on the Financial Times, which has grown in circulation and profit this year.<br /><br /><br /></p>