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Here’s why we sold the FT, Economist: Pearson CEO

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The Financial Times and The Economist were sold to help Pearson's push into education become "one of the great global growth stories of the next decade," the company's chief executive told CNBC.

Despite its lengthy ownership of the Financial Times and its stake in the Economist Group (owner of The Economist magazine), Pearson has focused on consolidating its place as the world's leading education company in recent years. It offers a range of public school exams as well as online and traditional educational resources for schools, universities and professionals.

"We are tying our future to what I think is going to be one of the great global growth stories of the next decade," John Fallon told CNBC on Friday.

"Parents in countries around the world, rich and poor, the single thing that matters to them most is equipping their kids with the skills and the knowledge to go to university, to learn English as a foreign language, because that's what's going to get them a better job and a better start in life and that's what we're lining Pearson up to and it's a huge opportunity for us."