Pearson FD says wary of any Murdoch push in Europe

By Gavin Haycock

BARCELONA, Nov 14 (Reuters) - Pearson Plc, the London-based publisher of the Financial Times, said a Rupert Murdoch-controlled Dow Jones & Co Inc DJ.N could be a threat in Europe but might provide a boost to the FT in the United States.

"News Corp make a number of comments about where they are taking their business and some of them are clearly things that we will watch very carefully and could be threatening to us; some of them I think may be opportunities for us," Pearson (PSON.L: Quote, Profile, Research, Stock Buzz) Finance Director Robin Freestone said.

Freestone made his comments during a Morgan Stanley Media, Telecoms and Technology conference.

Pearson, the world's largest education publisher, recently adopted a new online business model, partly opening up free access to its Financial Times newspaper site.

News Corp (NWSa.N: Quote, Profile, Research, Stock Buzz) President Peter Chernin was quoted in a Scottish newspaper interview in late September as saying the company would "crush" the Financial Times after the Dow deal.

Murdoch, who chairs News Corp, said on Tuesday he planned to boost subscribers to Dow's Wall Street Journal wsj.com Web site more than tenfold by making access free. The site is one of the Internet's most successful subscription businesses.

Should the Journal become free and pursue a more generalist route in the United States, making it more of a competitor for the New York Times (NYT.N: Quote, Profile, Research, Stock Buzz) then "that takes the newspaper out of our space, frankly," said Freestone.

"We will remain a high-end niche product focused on the business community and we will continue to charge for ft.com."