{"id":4375,"date":"2015-07-25T08:42:00","date_gmt":"2015-07-25T16:42:00","guid":{"rendered":"http:\/\/associatednews.info\/content\/britains-pearson-in-talks-to-sell-stake-in-the-economist-group\/4375\/"},"modified":"2015-07-25T08:42:00","modified_gmt":"2015-07-25T16:42:00","slug":"britains-pearson-in-talks-to-sell-stake-in-the-economist-group","status":"publish","type":"post","link":"https:\/\/associatednews.info\/content\/britains-pearson-in-talks-to-sell-stake-in-the-economist-group\/","title":{"rendered":"Britain's Pearson In Talks To Sell Stake In The Economist Group"},"content":{"rendered":"

By Scott Neuman<\/a><\/span> <\/p>\n

\"Georg<\/a><\/div>\n
\n
<\/div>\n
\n
\n

Georg Kapsch, President of the Federation of Austrian Industry, holds an issue of The Economist<\/em> during a news conference in Vienna last year. Britain’s Pearson PLC says it’s in talks to sell its 50 percent share in The Economist Group. Heinz-Peter Bader\/Reuters\/Landov<\/strong> hide caption<\/strong><\/p>\n<\/div>\n

i<\/strong>toggle caption Heinz-Peter Bader\/Reuters\/Landov<\/span><\/div>\n<\/div>\n

Updated at 1:15 p.m. ET<\/strong><\/p>\n

Britain’s Pearson PLC \u2014 just days after announcing it would sell The Financial Times \u2014<\/em> has made public that it is engaged in talks to dump its 50 percent stake in The Economist Group.<\/p>\n

“Pearson confirms it is in discussions with The Economist Group Board and trustees regarding the potential sale of our 50 percent share in the group,” the company said in a statement on Saturday. “There is no certainty that this process will lead to a transaction.”<\/p>\n

Reuters reports that Italian holding company Exor, which now has a 4.72 percent stake in The Economist Group, is in talks with Pearson to increase its share.<\/p>\n

The venerable Economist<\/em>, a weekly news magazine that calls itself a newspaper<\/a>, is known for its cogent analysis of international affairs and a wry wit.<\/p>\n

Politico<\/a> reports:<\/p>\n

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“Existing Economist shareholders led by John Elkann, heir to the Italian Agnelli industrial fortune and a member of the magazine’s board, are working on a potential buyout of Pearson’s stake, according to people familiar with the talks.<\/p>\n

“Mr. Elkann was not immediately available for comment, an aide said.<\/p>\n

“Sources said that Pearson could get as much as £500 million for its stake, although the price is subject to ongoing negotiations.”<\/p>\n<\/div>\n<\/blockquote>\n

The Wall Street Journal<\/a> adds:<\/p>\n

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“The publisher makes most of its revenue from educational services underpinned by its operations in North America. It has a 50% non-controlling stake in The Economist Group which publishes The Economist, a weekly business and international news publication with a paid circulation of 1.6 million.<\/p>\n

“The group’s businesses include data research firm Economist Intelligence Unit as well as other related assets such as The Economist Events and The Economist Corporate Network.”<\/p>\n<\/div>\n<\/blockquote>\n

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org\/content-only\/faq.php#publishers.<\/em><\/p>\n

Source:: http:\/\/www.npr.org\/sections\/thetwo-way\/2015\/07\/25\/426202627\/britains-pearson-in-talks-to-sell-stake-in-the-economist-group?utm_medium=RSS&utm_campaign=business<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\"Georg<\/a><\/div>\n
\n
<\/div>\n
\n
\n

Georg Kapsch, President of the Federation of Austrian Industry, holds an issue of The Economist<\/em> during a news conference in Vienna last year. Britain’s Pearson PLC says it’s in talks to sell its 50 percent share in The Economist Group. Heinz-Peter Bader\/Reuters\/Landov<\/strong> hide caption<\/strong><\/p>\n<\/div>\n

i<\/strong>toggle caption Heinz-Peter Bader\/Reuters\/Landov<\/span><\/div>\n<\/div>\n

Updated at 1:15 p.m. ET<\/strong><\/p>\n

Britain’s Pearson PLC \u2014 just days after announcing it would sell The Financial Times \u2014<\/em> has made public that it is engaged in talks to dump its 50 percent stake in The Economist Group.<\/p>\n

“Pearson confirms it is in discussions with The Economist Group Board and trustees regarding the potential sale of our 50 percent share in the group,” the company said in a statement on Saturday. “There is no certainty that this process will lead to a transaction.”<\/p>\n

Reuters reports that Italian holding company Exor, which now has a 4.72 percent stake in The Economist Group, is in talks with Pearson to increase its share.<\/p>\n

The venerable Economist<\/em>, a weekly news magazine that calls itself a newspaper<\/a>, is known for its cogent analysis of international affairs and a wry wit.<\/p>\n

Politico<\/a> reports:<\/p>\n

\n
\n

“Existing Economist shareholders led by John Elkann, heir to the Italian Agnelli industrial fortune and a member of the magazine’s board, are working on a potential buyout of Pearson’s stake, according to people familiar with the talks.<\/p>\n

“Mr. Elkann was not immediately available for comment, an aide said.<\/p>\n

“Sources said that Pearson could get as much as £500 million for its stake, although the price is subject to ongoing negotiations.”<\/p>\n<\/div>\n<\/blockquote>\n

The Wall Street Journal<\/a> adds:<\/p>\n

\n
\n

“The publisher makes most of its revenue from educational services underpinned by its operations in North America. It has a 50% non-controlling stake in The Economist Group which publishes The Economist, a weekly business and international news publication with a paid circulation of 1.6 million.<\/p>\n

“The group’s businesses include data research firm Economist Intelligence Unit as well as other related assets such as The Economist Events and The Economist Corporate Network.”<\/p>\n<\/div>\n<\/blockquote>\n

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org\/content-only\/faq.php#publishers.<\/em><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-4375","post","type-post","status-publish","format-standard","hentry","category-business-2"],"_links":{"self":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts\/4375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/comments?post=4375"}],"version-history":[{"count":0,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts\/4375\/revisions"}],"wp:attachment":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/media?parent=4375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/categories?post=4375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/tags?post=4375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}