DC Thomson Snaps up Friends Reunited

As reported widely elsewhere – so we're providing links to fuller explanations – the social networking website, Friends Reunited, has been bought by Dundee-based publishing group, DC Thomson, from ITV – for £25 million, almost £100 million less than ITV paid for it four years ago.

The purchase was by Brightsolid, a wholly-owned subsidiary of DC Thomson, which publishes, among other newspaper titles, the Sunday Post and the Press and Journal.

The announcement coincided with news that ITV had suffered a £105 million pre-tax loss during the first half of this year.

Read more, here.

And here (Brightsolid's website).

And here.

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