Summary
PEARSON chief executive Dame Marjorie Scardino faces mounting first-half losses at her media empire, but she may not lose much sleep. Some of the problems - the weak dollar and poor US demand for school books - are deemed out of her control.
Big investors seem ready to give her another 18 months to return the Financial Times to the black. An analyst said: 'Some people think she has done a reasonable job given the circumstances.' Monday's interim losses could be as high as Pounds 23m, up from Pounds 1m a year ago. Pearson makes most of its money in the second half.See the full content of this document
Extract
Scardino Escapes Censure for Losses
FT adver...
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