Financial Times Group Sales Up 11 Percent

The Financial Times has avoided the losses seen by almost every other newspaper, posting an 11 percent increase in sales and a 21 percent increase in profits.
Pearson, the FT's publisher, reported a 14 percent overall increase in sales due in part to a strong showing by Penguin books.
The positive results are attributed to an increase in the FT's cover price and the fact that the newspaper has maintained strong advertising revenues, reports The Guardian of London.
Pearson Chief Executive Marjorie Scardino said the downturn has also helped the FT because people have turned to the newspaper for coverage.

"It's not an easy downturn to understand and I'd say, immodestly, that the FT has done a great job of helping us interpret this - the credit crunch, commodity prices, the oil price."

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