Notes from a wireframe world

ITV have announced that they are selling the Social networking site, Friends Reunited” for £25 million, almost £100,000,000 less than the bought it for!

This loss isn’t realy that supprising, ITV are an traditional media company and like the MySpace / news international deal, they don’t know how to run a social media site.

ITV haven’t invested it nore did the subscription model do them any favours.

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This entry was posted on Thursday, August 6th, 2009 at 7:16 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.