Magazine article Editor & Publisher

Sell 'FT,' Pearson Shareholders Urge

Magazine article Editor & Publisher

Sell 'FT,' Pearson Shareholders Urge

Article excerpt

Having just backed off bidding against Rupert Murdoch for Dow Jones & Co., Pearson is now being urged by big stockholders and a leading industry analyst to sell its flagship Financial Times.

The Guardian in Manchester, England, reports in its Monday editions that the call to sell the FT "from powerful Pearson shareholders and leading media analyst Lorna Tilbian, whose views are taken seriously within the City."

Guardian City Editor Richard Wachman quoted Tilbian as saying that having failed to take Dow Jones and its Wall Street Journal away from Murdoch, Pearson should get out of the News Corp. chief's line of fire.

"The way I see things, it was double or quits for Pearson," Tilbian said. "They had a chance to buy a principal competitor, but it hasn't come off. Now they should sell the FT at a time when the financial advertising market is strong and the paper is doing well."

Competing directly with a Murdoch-owned Journal, she added, could harm the FT the way News Corp. …

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