REVIEW: Pearson says no advertising recovery in sight

Pearson, the owner of the Financial Times, said there was no advertising recovery in sight as it unveiled a drop in the paper's revenues. The FT's profits dropped 97 per cent to £1 million after a circulation slump and 23 per cent fall in ad revenues. However, Pearson produced pre-tax profits of £106 million for the year to 31 December. - General release.

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