Acquisition of Money-Media

Pearson PLC
03 January 2008



3 January 2008



PEARSON ACQUIRES MONEY-MEDIA; ENHANCES FT'S SERVICES TO GLOBAL ASSET MANAGEMENT
INDUSTRY

Pearson, the international education and information company, today announces
the acquisition of Money-Media, the US-based leader in online news and
commentary for the money management industry, from Michael D. Griffin,
Money-Media's sole voting shareholder and CEO.

Money-Media, through its products Ignites, Fundfire, BoardIQ, Agenda and ODX,
offers highly-respected online services, publications and conferences. It
provides must-have news and analysis via email and its websites to mutual fund
managers, institutional investors, high-net-worth individuals, company directors
and advisers. It had revenues of $16m in 2007 - approximately two-thirds of
which were generated through subscriptions with high renewal rates - and had
estimated gross assets of $4m at the year end.

Money-Media's specialist services will improve the ability of the Financial
Times to reach the asset management community in the US, enhancing its recent
launch of a US edition of FTfm (its dedicated fund management newspaper
supplement); and globally, building on the FT's unique global franchise.

"This acquisition supports and extends our strategy of building strong
subscriber and digital businesses in core sectors," said John Ridding, Chief
Executive of the FT. "Asset managers need reliable, relevant and timely
information about the globalisation of investments, diversification of asset
classes, mitigation of risk and frequent changes in regulation. Money-Media has
built a senior and loyal audience in the US, and we see substantial scope for
international growth with the FT's global presence and expertise behind it."


ENDS


For more information:

Luke Swanson/Simon Mays-Smith/Charles Goldsmith, Pearson Plc [phone]

Tom Glover, FT Group [phone]


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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