7 Stories

Nikkei Buying Financial Times for $1.3B

Pearson cites 'inflection point'

(Newser) - Financial Times owner Pearson says it has agreed to sell the salmon-colored paper to Nikkei for $1.3 billion. It says the amount is payable in cash. Nikkei is the largest independent business media group in Asia, with flagship newspaper Nikkei as its core. What Pearson CEO John Fallon has... More »

Texas Relaunches Evolution Debate

Pearson biology textbook under fire

(Newser) - The long-simmering battle over teaching evolution in Texas has boiled over again. At issue this time are proposed textbooks that could be used statewide starting next school year. With midnight looming last night, some state education board members singled out a biology textbook by Pearson Education, one of America's... More »

Bloomberg Considers Buying Financial Times

Speculation rampant that venerated paper will soon be available

(Newser) - Michael Bloomberg is doing some serious soul searching about the possibility of buying the Financial Times, sources close to the mayor tell the New York Times . "It's the only paper I'd buy," he allegedly told one associate, and others say that lately he's taken to... More »

Feds Sue Apple Over E-book Price Fixing

Allege Apple deal with publishers drove up prices

(Newser) - The Justice Department has filed an antitrust lawsuit against Apple and five of the US' biggest book publishers over allegations that they conspired to fix the price of e-books ahead of the iPad's launch, the Wall Street Journal reports. The conspiracy allegedly aimed to drive up prices, which had... More »

GE, Pearson Bail on Bid for Dow Jones

CNBC, Financial Times parent companies back away, clearing path for Murdoch

(Newser) - General Electric and Pearson may yet work out an arrangement that takes advantage of their business-media assets, but their plans don't involve Dow Jones. The companies said today they won't pursue a deal with the Wall Street Journal publisher, brightening the outlook for News Corp.'s $5 billion offer, Pearson's... More »

Dow Jones Scenarios Multiply

Companies may join forces to counter Murdoch bid

(Newser) - Members of the Bancroft family would retain a stake in Dow Jones after selling a majority interest to GE and Pearson if one possible arrangement plays out, media outlets owned by the players are reporting. The Wall Street Journal outlines a venture incorporating Dow Jones, Pearson's Financial Times, and GE's... More »

Another Player Joins Competition for Dow Jones

Pearson searches for partner to help launch bid

(Newser) - Another would-be Dow Jones suitor emerged this afternoon: Pearson, which publishes the Financial Times. In a media-company-news hall of mirrors, the Wall Street Journal reports that Pearson is searching for partners in its "longshot" bid and has approached Hearst and GE; the FT reports that its parent company has... More »

7 Stories