Financial Times Business Group up for sale

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New York--Pearson plc, the United Kingdom-based media conglomerate, has appointed Lazard Freres & Co. to advise the company on strategic options for its Financial Times Business unit, including a possible sale. Several companies have expressed interest in acquiring the unit, which is a network of business and financial newspapers and online properties that reaches more than 4 million people worldwide. Since 1997 Pearson has been aggressively expanding the group, which includes the Investors Chronicle, The Banker, Money Management and Financial Adviser.
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