Pearson Plc, which agreed to sell the Financial Times in July, intends to hold on to its final media asset, Penguin Random House, until at least 2017, Chief Executive Officer John Fallon said.
Pearson has the option to sell its 47 percent stake in the world's largest book publisher as early as next month under an agreement with Germany's Bertelsmann SE, which owns the rest.
"It's most unlikely that we'll exercise the option at this time," Fallon said in an interview with Bloomberg TV in London.
"The business is doing well, and we are one year away from achieving peak synergies."
Pearson has the option to sell its 47 percent stake in the world's largest book publisher as early as next month under an agreement with Germany's Bertelsmann SE, which owns the rest.
"It's most unlikely that we'll exercise the option at this time," Fallon said in an interview with Bloomberg TV in London.
"The business is doing well, and we are one year away from achieving peak synergies."
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