UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 2008
PEARSON plc
(Exact name of registrant as specified in its charter)
N/A
(Translation of registrant's name into English)
80 Strand
London, England WC2R 0RL
44-20-7010-2000
(Address of principal executive office)
Indicate by check mark whether the Registrant files or will file annual reports
under cover of Form 20-F or Form 40-F:
Form 20-F X Form 40-F
Indicate by check mark whether the Registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934
Yes No X
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This Report includes the following documents:
1. A press release from Pearson plc announcing Acquisition of Money-Media
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 +44 (0)20 7010 2310
Tom Glover, FT Group +44 (0)7980 621 020
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
PEARSON plc
Date: 03 January 2008
By: /s/ STEPHEN JONES
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Stephen Jones
Deputy Secretary