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Financial Times Up For Sale?

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  • Description

    FBN's Dennis Kneale on reports of Pearson looking to sell its Financial Times newspaper.

  • Duration 1:54
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The world at leading it business newspapers be up for sale -- -- and not one point six billion dollars.

-- buzz in and Dennis -- that story hey Dennis.

Five Tracy -- a little -- what's black and pink.

And red all over it's the famed NB -- FT the Financial Times and now it's up for sale.

At least that's what Bloomberg reports and Bloomberg says.

That Bloomberg itself may be above the -- among the bidders -- -- the FT's owner Pearson itself a rival of Bloomberg says any -- Which doesn't have to stop us from speculating on what they have -- might fetch on the block let's look at a pulp friction here circulation.

Of the FT print version down 31% for -- that 300000.

That's been offset.

By online subscribers up almost three also combined FT up 10% and readers and since 08.

Bloomberg sources peg the -- value -- a billion dollars to one point 6000000010.

Times operating earnings are higher.

But I'll be twice the value of big newspaper companies here in the US.

FD provides 12% -- and profit only 8% of revenue.

A sale of the FTC -- -- although four Pearson which relies more on faster growing educational businesses on -- services.

-- -- interest in The Economist Magazine would go along with ftp and Bloomberg figures maybe even a Russian all -- -- -- Asian billionaire might bid for the FT.

Where is Rupert Murdoch Wendy Needham.

This latest story though driven by the exit of Pearson CEO -- -- Gardena held.

And the a rival of her successor John Fallon -- every new CEO wants to put his own in premature on a company.

But so far don't bet on it has -- Pearson spokesman putting out this rather -- part.

Denial Pearson is quote not in the habit of responding to rumors speculation or reports however this particular Bloomberg story.

Is wrong.

Tracy big patent jettisoning out thank you.

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