The publisher of the Financial Times, Pearson, is looking to capitalise on India’s burgeoning media scene by launching a daily business newspaper, reports the Wall Street Journal.
The WSJ cites a “person familiar with the situation” who said the launch was in partnership with Indian company Network 18 Media & Investments who control the country’s biggest business news channel CNBC-TV18. An FT spokeswoman told the paper no deals had been signed.
Pearson last week pulled out of a 15-year relationship with the Indian local daily business newspaper the Business Standard, selling its 14 per cent stake worth around £1.5m.
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