TECHNOLOGY & TELECOMMUNICATIONS
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Britain’s Pearson Puts Broadcasting Stake Up for Sale: The London-based publisher said it plans to sell its minority stake in satellite broadcaster British Sky Broadcasting to concentrate on areas where it had control. Pearson said it had filed in the United States for an offering of the 9.75% stake in British Sky, which is worth about $860 million at current market prices. The sale should lead to the broadcaster, in which Rupert Murdoch’s News Corp. has a 40% interest, qualifying for entry to the Financial Times-Stock Exchange FTSE 100 index of top British shares. British Sky does not qualify at present because not enough of its shares are held in public hands.
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