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The Financial Times Group Announces New U.S. Headquarters


           By Unveiling Pink `FT' Sign Above Avenue of the Americas
            Pearson CEO Marjorie Scardino Unveils New FT.com TV Ad
          And Outlines Plans to Build on Paper's Success in the U.S.
                     Dan Aykroyd Leads FT Pink Motorcade
                   Through NYC to Highlight FT's `Arrival'


NEW YORK, May 15 /PRNewswire/ -- Marjorie Scardino, CEO of Pearson Plc,
today celebrated Financial Times' success in the U.S.-unveiling a pink FT sign
high atop the Financial Times' new U.S. headquarters at 1330 Avenue of the
Americas.  She also unveiled the latest television spot for FT.com featuring
Dan Aykroyd.  The new building is home to the Financial Times newspaper,
FT.com and Pearson Plc and is one of the few buildings in the Manhattan to
carry a three dimensional logo. 
"Casting the FT letters on the Manhattan skyline is a great way to signify
that the FT has arrived in the U.S. and that we are here to stay" said
Marjorie Scardino.  "We are investing in the editorial talent, marketing and
distribution that will enable us to bring our unique brand of international 
news and in-depth analysis to new and broader audiences across America.  As 
the worlds of commerce and finance become ever more international, we are
confident that more Americans will look to the Financial Times, both in print
and on-line as an essential partner in business." 
In honor of the new headquarters, Mayor Rudolph Giuliani named May 15th
"Financial Times Day" in New York City.  In a letter, President Clinton also
congratulated FT on the new headquarters and underscored the "importance of 
international perspective on the ideas, issues and events that shape our
nation's economy and the global marketplace today." 
As the Financial Times turned Manhattan FT pink for a day, Dan Aykroyd, 
star of FT.com's new television ads, led an FT pink motorcade through
Manhattan's streets from Grand Central Station to the new FT headquarters.
The motorcade included five specially designed FT pink Indian motorcycles,
which escorted a FT news truck, outfitted with the Financial Times and FT.com
logos. 
Robert Thomson, U.S. Managing Editor of the FT newspaper added, "FT
journalists have changed the business reporting landscape in the U.S. and now
we are altering the New York cityscape.  We aim to make the Financial Times
newspaper and FT.com beacons of quality and originality in a world overwhelmed
by information, much of it meaningless.  The new building will be a different
kind of beacon. You can read the FT anywhere in the U.S. and, well, you can
see our building from New Jersey." 
Financial Times Newspaper has tripled its circulation in the U.S. over the
past two years and has added print sites in the Chicago, Boston and San
Francisco metropolitan areas in addition to existing sites outside New York
and Los Angeles.  The paper is expected to add sites in Houston and Miami by
the end of the year. 
The FT has also expanded its editorial staff, hiring top journalists for
FT and FT.com.  As well as great talent from the FT's existing team such as 
William Lewis, Louise Kehoe and Gerard Baker, we have hired some great home-grown talent.  Amity Shlaes recently joined FT from the Wall Street Journal 
Editorial Board; Gary Silverman formerly senior banking writer at BusinessWeek
is now FT's U.S. banking editor; Edward Cheng was international news editor at
Bloomberg before becoming U.S. Duty Editor at FT.com; Hillary Durgin was
senior energy correspondent at the Houston Chronicle before becoming FT's
Houston correspondent.  Other rising stars from Dow Jones, Bloomberg, Bridge
News, CNN and a selection of leading newspapers from around the U.S. have also
recently joined the FT. 
Over the past two years, the FT has broken top stories of major
international and domestic importance ranging from Exxon-Mobil, the largest
industrial merger in history, to the LTCM bailout crisis and countless other
high-profile mergers to a recent scoop on China's new economic reform plan. 
FT has led the way in reporting on the U.S. M&A boom, Europe's new industrial
revolution, the fall and recovery of East Asia, and the mixed fortunes of
Latin America. 
Recently named the number one global news site by Barron's magazine and
"Best of the Web" for emerging markets and international news by Forbes,
FT.com launched a $35 million ad campaign in the U.S. targeted at globally-minded business people with the aim of increasing their awareness and
understanding of FT.com. 
In addition to today's unveiling ceremony, other activities to celebrate
FT's arrival included: 


    * 50 "power commuters" dressed in FT pink rode New York City subways
      throughout Manhattan during the morning rush hour.
    * FT gave away newspapers, FT.com mousepads, and hats across Manhattan.
    * Select Starbucks across the city featured FT "Get Your Coffee Quotes
      before Your Morning Latte" signage and copies of the newspaper were
      given away outside the stores.
    * Dan Aykroyd led a motorcade of FT pink Indian motorcycles escorting an
      FT news delivery truck from Grand Central Station to Starbucks at 42nd
      Street and 6th Avenue to FT headquarters at 1330 Avenue of the Americas.
    About the Financial Times


Established in 1888, the Financial Times, the "world business newspaper,"
is the only worldwide daily newspaper concentrating on international business.
Published six days a week, the FT provides authoritative coverage of
international news as well as analysis and commentary through a network of
correspondents situated around the globe.  The Saturday edition of the FT
wraps up the week's international business and presents trend-setting leisure
time features.  Printed at 14 locations around the world, FT's focus is on
emerging markets, finance, economics, international companies, management,
government, and technology. 
About FT.com 
FT.com (www.FT.com) is one of the world's leading international business
information websites.  FT.com attracts over 1.2 million unique visitors each
month and generates over 22 million monthly page views, making it the most-
visited commercial news site in Europe and among the world's most significant
sources of business news on the Internet.  FT.com has a registered user base
numbering more than 2 million.  Financial Times and FT.com are owned by
Pearson Plc.  Pearson is an international media company with market-leading 
positions in strategic business information, education, consumer publishing 
and international television production.
 

SOURCE  Financial Times 
-0-                             05/15/2000 
/CONTACT:  Annalise Carol, 212-484-7237, or Kathleen Gaffney,
212-484-7468, both for The Financial Times/ 
/Web site:  http://www.ft.com/ 
CO:  Financial Times; Pearson Plc; FT.com
ST:  New York, England
IN:  PUB
SU: 
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