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Pearson produces partnerships



Published on March 6, 2000
Published on February 13, 2011
 

British media company Pearson on Monday unveiled new partnerships to boost its Internet presence and said strong growth in its educational-publishing arm and Financial Times Group lifted 1999 pre-tax profit 15 per cent.

Topics :
America Online , Simon & Schuster

Pearson - whose interests span education, books, magazines and TV - said it had reached a preliminary agreement with America Online over its new education network and had also signed deals with various educational Internet companies.

Pearson bought Simon & Schuster's textbook division in November 1998.

London-based Pearson said pre-tax profit before one-time items and goodwill rose to 402 million pounds ($635 million) in 1999 from 350 million pounds the previous year. That was in line with the consensus among analysts of 399 million pounds pretax.

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