Summary
BROADCASTER ITV has sold its Friends Reunited website after striking a deal for a fraction of the amount it paid for the business as it attempts to make up for a huge fall in advertising revenue.
The company announced the deal as it unveiled a pounds 105m loss for the six months to June 30 after television advertising across the market suffered its worst year-on-year decline on record during the six months.See the full content of this document
Extract
Friends Reunited Sold by Itv at Massive Loss
ITV said its own net television advertising revenue (NAR) fell by 15%, or pounds 108m, but said this was better than the overall ma...
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