Pearson Hits Some Targets, but Not Ads

The Birmingham Post (England), March 4, 2003 | Go to article overview

Pearson Hits Some Targets, but Not Ads


Pearson media group, which publishes the Financial Times newspaper, hit its earnings goals yesterday but the advertising downturn mauled its flagship title and the company said there was no recovery in sight.

Shares closed up 38p at516p. Sales of college books and slimmer Internet losses powered 2002 earnings per share 42 per cent higher, offsetting declines in its newspaper and school textbook publishing and helping drive the group's battered shares more than four per cent higher.

Pearson chief executive Marjorie Scardino has bet everything on education, transforming the group from a jumble of assets into the world's biggest education publisher. But the company stressed yesterday that the FT remained core to its business despite the recent battering as advertisers scale back spending.

'We're seeing no signs of an advertising recovery yet,' Pearson finance director Rona Fairhead said.

'Marjorie says the FT would be sold over her dead body and she's still very much alive.'

Pre-tax profits rose to pounds 399 million in the year to the end of December 2002, from a previous pounds 294 million, on sales of pounds 4.32 billion. Analysts had forecast pre-tax profits of pounds 383-404 million.

Pearson also beat its goal of 40 per cent growth in earnings per share at 30.3p and the finance director said she was 'pretty confident' the group would meet double-digit earnings growth this year too. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Pearson Hits Some Targets, but Not Ads
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.