LONDON (Reuters) - The new chief executive of British education and media group Pearson (NYSE: PSO - news) said the Financial Times (FT) is not for sale, refuting repeated media speculation about the newspaper's future at the company.
"The FT is a valued and valuable part of Pearson. I have said the business is not for sale, nor have we initiated, conducted, encouraged in any shape or form, any sort of process whatsoever, nor have I had any conversations with anybody about the sale of the FT," Chief executive John Fallon said when asked about the newspaper on a call with reporters on Monday.
The company said earlier it expects this year's earnings to be flat on 2012 and it will start a 150 million pound restructuring plan.
(Reporting by Sarah Young; editing by Rhys Jones)
