Reuters – Pearson’s Financial Times has bought Medley Global Advisors, a provider of macroeconomic intelligence to hedge funds and banks, as it shifts emphasis from advertising-funded publications to subscription services.
UK-based Pearson, whose main business is educational publishing, said last month it may sell its $1.5 billion stake in Interactive Data Corp, which sells financial-market data and brings in most of the FT Group’s revenues and profits.
