26-02-2013, 10:01 AM
Another struggling magazine, due to emerging of online media.
Newspapers survive better than magazine due to existence of local contents IMO
FT publisher Pearson plans to restructure, but won’t sell flagship
LONDON — Pearson, publisher of the Financial Times (FT) newspaper, predicted operating profit will be stagnant this year as it cuts jobs and spends more quickly to shift its education business to online from print.
Pearson will have about £150 million (S$282 million) in restructuring costs this year as it accelerates the move of its education business to fast-growing economies and digital service, and separates its Penguin book business in preparation to merge it with Bertelsmann’s Random House, the company said today. The stock fell as much as 6.3 per cent, the biggest intraday decline since October 2008.
http://www.todayonline.com/business/ft-p...l-flagship
Newspapers survive better than magazine due to existence of local contents IMO
FT publisher Pearson plans to restructure, but won’t sell flagship
LONDON — Pearson, publisher of the Financial Times (FT) newspaper, predicted operating profit will be stagnant this year as it cuts jobs and spends more quickly to shift its education business to online from print.
Pearson will have about £150 million (S$282 million) in restructuring costs this year as it accelerates the move of its education business to fast-growing economies and digital service, and separates its Penguin book business in preparation to merge it with Bertelsmann’s Random House, the company said today. The stock fell as much as 6.3 per cent, the biggest intraday decline since October 2008.
http://www.todayonline.com/business/ft-p...l-flagship