The Week: City News - Pearson profits 'treble'

Pre-tax profits at Pearson, the owner of the Financial Times, nearly trebled to £40 million in the first half of 2007, while profits at its newspaper division were up by 28 per cent, thanks to more readers both online and in print. The Financial Times reported a 12 per cent rise in subscriptions, both online and to the paper itself, while ad revenues rose 5 per cent across the period. According to Pearson's chief executive, Dame Marjorie Scardino, the FT has also been in talks with a number of potential partners about future TV tie-ups.