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April 21, 2008

FT publisher Pearson to ‘launch national business newspaper in India’

By Patrick

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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