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Stock Market & Financial Investment News

News Breaks
March 18, 2013
14:44 EDTPSO, WPO, NWSA, NYTWashington Post to join peers with paywall, though fee undecided
The Washington Post (WPO) announced in an email that it will introduce a "paywall" this summer, meaning it will start charging some frequent users of its Web site. The publication will ask those who look at more than 20 articles or multimedia features a month to pay a fee, although the company has not yet decided how much it will charge, it stated. The paper added that its home-delivery subscribers will continue to have free access to all of The Post’s digital products and that students, teachers, school administrators, government employees and military personnel will have unlimited access while in their schools and workplaces. The step, which The Washington Post called "modest compared with some other publications," is one the company said it has previously shied away from for fear of driving away readers and online advertisers. The Post noted that other daily publications that charge for content include the Wall Street Journal, which is owned by News Corporation (NWSA), Pearson's (PSO) Financial Times, and the Boston Globe and the New York Times, which are both owned by The New York Times Company (NYT). In afternoon trading, Washington Post shares slipped $2.67, or 0.6%, to $442.03.
News For WPO;NYT;NWSA;PSO From The Last 14 Days
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July 26, 2015
16:42 EDTPSOPearson in talks to sell stake in Economist Group
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July 24, 2015
10:39 EDTNYTStarbucks hits 52-week high after results top expectations
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09:15 EDTNWSANews Corp. purchases Checkout 51
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08:52 EDTPSOPearson sale of Financial Times positive, says Bernstein
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05:43 EDTPSOPearson expects to return to more normal levels of restructuring expenditure
Expects cyclical and UK policy related factors to stabilize in 2015. The US policy environment remains uncertain. In North America, the company expects growth in online higher education services and VUE and, with more stable college enrollments and a slower new edition year, courseware to be broadly level. In School, the company expects greater stability in courseware and assessments with growth in virtual schools.In Core markets, the company expects trading conditions to stabilise in the UK, growth in inside services to broadly offset declines in courseware in Australia, and sustained share in Italy following share gains in 2014. Pearson expects the Financial Times to continue to benefit from, and invest in, its digital transition. In Growth markets, the company expects good growth in China in our English Language Learning adult and test preparation businesses and continued stability in courseware; in Brazil, it expects a better year in our sistemas business and good growth in the English Language Learning franchises; and in South Africa Pearson expects modest declines in the school courseware and lower enrollments in higher education.
05:40 EDTPSOPearson backs FY15 adjusted EPS 75p-80p
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05:39 EDTPSOPearson reports interim 2015 adjusted EPS of 4.4p compared to 4.7p last year
Reports interim 2015 sales up 1% at CER to GBP 2.2B, reflecting growth in North America, Brazil and China, and strength in digital and services, including Connections Education and Pearson On Line Services. This was partly offset by a smaller new textbook adoption market in US schools and the phasing of school textbook expenditure and lower college enrolments in South Africa. Reports interim 2015 deferred revenue from continuing operations up 3% at CER to more than GBP 750M as a result of further good progress in our digital and services businesses partly offset by lower deferred revenue in UK testing and in South Africa, due to lower college enrollments.
July 23, 2015
12:59 EDTPSOPearson's FT sale gives way for education deals, Bloomberg says
Pearson's sale of the Financial Times to Nikkei allows it to pursue acquisitions in educational publishing, Bloomberg says, citing an analyst at Panmure Gordon & Co. “Pearson’s direction of travel has been clear,” said media analyst Jonathan Helliwell. “This deal gives them the flexibility to do some education mergers and acquisitions and help toward restructuring costs." Reference Link
11:13 EDTNYT, PSONew York Times becomes Bloomberg's best target after FT sold, Re/code says
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10:49 EDTPSOPearson trading resumes, shares up 33c to $19.21
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10:17 EDTPSOPearson: Deal does not include 50% stake in The Economist Group
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10:16 EDTPSOPearson to sell FT Group to Nikkei Inc for GBP844M
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10:15 EDTPSOPearson to sell FT Group to Nikkei Inc for GBP844M
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10:13 EDTPSOPearson trading halted, pending news
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10:11 EDTPSOPearson sells FT to Nikkei for $1.29B, MarketWatch reports
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10:11 EDTPSOAxel Springer says will not acquire Financial Times from Pearson
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09:28 EDTPSOPearson in talks to sell FT Group to Axel Springer, FT reports
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06:17 EDTPSOPearson says in advanced talks to sell FT Group
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05:56 EDTPSOPearson will sell FT newspaper to digital news company, Reuters reports
Pearson will sell The Financial Times to a digital news company, a source tells Reuters. The source says an announcement is expected to be made "shortly." Reference Link
July 21, 2015
17:04 EDTNYTStarbucks and New York Times sign agreement
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