ITV finds a buyer for Friends Reunited
STRUGGLING UK BROADCASTER ITV appears to have found a buyer for its dwindling social notworking site Friends Reunited, which has been up for sale since March.
According to the Mail on Sunday, private equity firm Oakley Capital has offered £15 million for the website operation that ITV bought for £120 million in December 2005.
Soon after the purchase, ITV chairman Michael Grade described the site as "one of the most important bits of ITV going forward."
Friends Reunited has some 19 million registered users but its growth has been flat for the last two years and the website has long since been eclipsed by the likes of Facebook, Myspace and Bebo.
Started by the husband and wife team of Steve and Julie Pankhurst in 2000, Friends Reunited pioneered social notworking in the UK. It quickly gained a reputation as the place to show off much-improved circumstances to dullard school mates or arrange illicit shags with long-lost teenage crushes.
ITV, home of 'reality' shows such as X Factor and I'm a Celebrity Get Me Out of Here, announced a 41 per cent plunge in profits to £167 million last financial year. Its latest half-year results are due 6 August and stock market analysts expect a further drop. µ
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What a boring article. And who are you? Where are all the GOOD inquirer writers? I'm taking this publication off my Rss feed, it's becoming worthless.
Who are you zeebo, what a boring comment. I am not going to waste any more of my time looking at your inane witterings.
Good riddance to bad rubbish!
If you haven’t got anything intelligent to say don’t say anything.
Go back under your bridge and troll some ware else!!!
Anyway...
I can’t see anyway back for Friends Reunitedall the other sites previously mentioned are light years ahead.
Still it was a nice idea that may recover one day.
After Charlie had gone for SemiAccurate, Sylvie Barak take the same step as she have confess that she leaving the INQ. You can prove that in her twitter.
After Charlie had gone for SemiAccurate, Sylvie Barak take the same step as she have confess that she leaving the INQ. You can prove that in her twitter.