Former leading New Zealand publisher and bookseller, and widely experienced judge of both the Commonwealth Writers Prize and the Montana New Zealand Book Awards, talks about what he is currently reading, what impresses him and what doesn't, along with chat about the international English language book scene, and links to sites of interest to booklovers.
Friday, November 16, 2012
Pearson CFO says no plans to sell FT, book stake
BARCELONA (Reuters) - British media group Pearson does not have any plans to
sell the Financial Times or a stake in a business being formed from a merger of
its Penguin Books unit with Bertelsmann's Random House.
Speaking at the
Morgan Stanley Technology, Media and Telecoms conference on Wednesday, finance
director Robin Freestone said Pearson was committed to two sections of its
business dwarfed in recent years by its education business.
Speculation increased about the FT and
Penguin Books following the October 3 announcement that John Fallon, head of
international education, was to take over as chief executive from Marjorie
Scardino at the end of the year.
Pearson then announced later in October
it and Bertelsmann were to form the world's largest book publisher to better
cope with major retailers such as Amazon and Apple.
"We have entered this
thing with the hope that it survives for a very long time," Freestone told the
conference in Barcelona.