The Financial Times Group appears to be weathering the economic crisis better than rival newspaper publishers. According to today's trading update from its owner, Pearson, the FT group "has produced good sales and profit growth despite the slowdown in the advertising market in the fourth quarter." We will know more when full-year results are published on February 19.
But Pearson's ceo, Marjorie Scardino, sounded a warning note: "We are naturally cautious about the economic environment... Some of our markets will be tough this year and we are managing the company accordingly." Part of that strategy involves the FT group's "shift towards subscription and content revenues."
