Pearson to acquire 100% of FTMarketWatch and integrate into

Pearson, the international media company, has agreed in principle to take full control of by purchasing’s 50% stake.

Since its launch in June 2000,, the leading source of online markets news and analysis for Europe’s private investors, has built a loyal user base of more than 500,000 unique monthly users and approximately nine million monthly page views. It generates its revenues from advertising, data licensing and content syndication. will complement and expand the existing markets channel of is the UK’s most popular commercial on-line business news channel, with 1.8 million unique monthly users and 40 million monthly page views.

Stephen Hill, Chief Executive of the FT Group commented:

" will become an integral part of, enhancing the markets coverage we can offer. It will also enable us to reduce operating costs, share editorial resources and offer more attractive advertising and premium content services to partners and advertisers. We have said that our FT internet businesses will break even by the end of 2002, and this is another step on that path to profitability."

Larry Kramer, Chief Executive of commented:

" will continue to provide the content and tools that have made FT a success in the European market. The new arrangement will give the FT greater operating flexibility and enhance the business relationship between and"

Pearson retains its 34% stake in

Further Information

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Joanna Manning-Cooper 0207 873 4447