paidContent:UK - Covering UK\'s Digital Media Economy

Current Story

Pearson Seeks ‘Add-Ons’, But Shareholders Appear Agitated

By Robert Andrews - Mon 28 Apr 2008 11:04 AM PST

FT owner Pearson (NYSE: PSO) is still holding its strategy steady despite consolidation around it in the financial news market. Challenged by one holder to deliver a “step change” in response to Thomson (NYSE: TOC) Reuters’ (NSDQ: RTRSY) merger, Pearson chairman Glen Moreno conceded dividends had been “lacklustre”, but: “We have, we believe, quite significant growth opportunities ahead of us. These are things being pursued, there are people are in place building these things. We’re also looking for significant add-ons.” Via Graun. There’s further sign of shareholder agitation, however - more than seven percent of shareholders refused to reappoint M&S chairman Lord Burns to their board. The publisher is, nevertheless, launching a Middle East print edition.

Posted in: Companies, Pearson



Related Research from Alacrastore.com
0 Responses:
  • There are currently no comments for this article.

    Why don't you make one?

Post Your Comment

Mobile Options

» Mobile App
» Mobile/WAP Site

Send a News Tip

About

paidContent:UK covers the business of digital media for the U.K. and European markets.

Robert Andrews
U.K. Editor

Staci D. Kramer
Co-Editor

Dianne See Morrison
Contributing Writer

Ingrid Lunden
U.K. Contributor

Rafat Ali
Publisher

Social Media Report

New Media/Interactive Job Listings

Post Job
More Jobs

Generous Supporters