Pearson News

Pearson, which sold the Financial Times and its stake in The Economist last year to focus on education publishing, said it would cut 4,000 roles and spend 320 million pounds ($453 million) in 2016 to restructure.

The Economist Group could become the latest British media business to undergo a change of ownership this year as its co-owner Pearson focuses on education, bankers and industry sources said.

The Nikkei also had a years-long alliance with Wall Street Journal publisher Dow Jones, which came to an end in the last decade.

Japanese media group Nikkei on Thursday agreed to buy the Financial Times from Britain`s Pearson in a $1.3 billion deal that brings together two leading financial news organisations from Europe and Asia.

British publisher Pearson has decided to sell the Financial Times to a "global, digital news company" after owning the business newspaper for nearly 60 years, a person familiar with the deal said on Thursday.

British publisher Pearson has decided to sell the Financial Times newspaper to a global, digital news company, a person familiar with the deal said on Thursday.