Pearson sells FT Energy to Platts

LONDON - Pearson has disposed of the last of its non-financial publications with the sale of FT Energy to Platts, the energy market reporting company owned by McGraw Hill. The price was not disclosed.

Stephen Hill, chief executive of the Financial Times Group, said the sale, which includes newsletters Megawatt Daily, Gas Daily and Power in Europe, completed the planned series of disposals of non-financial publications.



"Our newspapers, magazines and online services are now all focused on what we do best -- providing our customers with the very best business and financial news," he said.



Pearson has been hard hit by the advertising downturn and has said it will miss its earnings growth target this year. The FT Group has been hardest hit, and has made lay-offs within its internet operations.




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Jennifer Whitehead, recommends

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