Monday, October 25, 2010

Pearson reports the Financial Times reaches 160,000 digital subscribers; advertising revenue up 11 percent

Reporting its latest earnings, Pearson announced today that digital subscriptions to the Financial Times are up over 50 percent to more than 180,000. Advertising revenue at the Pearson owned unit was also up 11 percent.
Pearson admitted, however, that the print book publishing industry remains "tough", though the unit did report an overall growth in revenue of five percent.

The company was able to brag about its digital editions, however, which now consists of 16,500 eBook titles. "The Fry Chronicles by Stephen Fry became a bestseller in five formats (hardback, ebook, enhanced ebook, app and audio), a publishing first," the company's announcement touted.

Update: Blogger ate my headline -- sorry about that.