The Week: City News - Pearson revenue hits £1bn

Pearson, the owner of the Financial Times, announced a 26 per cent increase in revenue to £1 billion during the first quarter of 2009.

However, it warned that advertising revenues had weakened during the period and were now responsible for just 16 per cent of total FT Group revenues and 3 per cent of Pearson revenues. It said that revenue growth in content and subscription-based services at FT Group remained its focus.