Pearson attempts to sell Financial Times

“There is no formal process under way”, the report said. It lists the potential buyers as Axel Springer, the German media conglomerate (and POLITICO Europe partner), as well as “investors in Europe, the Middle East and Asia”.

However, this isn’t the first time rumors have surfaced suggesting a sale is just around the corner.

According to its website, the Financial Times has a combined paid print and digital circulation of 720,000.

The Financial Times group, which includes a number of publications and the FT.com website is worth an estimated £1bn. How many times down the years have I read that rumour?

Pearson could not immediately be reached for comment.

The American depositary receipts of Pearson fell 1.2% Monday on the New York Stock Exchange to $19.55.

In particular, to try and reverse the trend of falling sales, Pearson is now seeking to move away from a reliance on the sale of textbooks and other printed material.

Pearson doesn’t break out financial details for the FT, which is part of the professional education unit that reported 1.15 billion pounds in 2014 revenue.