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Nadeem
Veteran Investor
Joined: 11 Jul 2004
Posts: 639
Cash Points ££ 13955.74
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 Posted: Sat Aug 27, 2005 1:02 am Post subject: ITV - Discussion Thread |
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Discuss news and views on ITV here
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Quinn
Saving Enthusiast
Joined: 06 Feb 2005
Posts: 181
Cash Points ££ 2817.02
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| Posted: Thu Dec 15, 2005 3:21 am Post subject: |
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ITV news is shutting down... not good news for ITV
Also theres news about a bid on the bbc -
ITV buys Friends Reunited website
ITV hopes the deal will boost its online presence
Broadcaster ITV has agreed to buy Friends Reunited, the website which has 15 million users and brings together old school friends, for £120m ($208m).
The website has the UK's eighth-largest online presence - and profits have risen since the firm expanded to offer genealogy and internet dating services.
ITV said it would pay an extra sum of up to £55m in 2009, according to Friends Reunited's performance.
The deal will allow ITV to "strengthen significantly" its online presence.
The acquisition of Friends Reunited is also a key step in the delivery of our strategy to drive new revenue streams for the company
Jeff Henry, director of ITV Consumer
Husband-and-wife team Steve and Julie Pankhurst, who set up the website with their business partner five years ago, are set to net about £30m from the deal.
Mr Pankhurst said the business was now "all grown up - it is time for my wife Julie and I to let go knowing it is in safe hands".
After the site's launch in 2000 it became a full-time job for the Pankhursts and business partner Jason Porter.
The Pankhursts gave up the day-to-day running of the site in 2003 but retained a stake in the business.
They funded expansion through a management buy-in and brought on board ex-Financial Times executive Michael Murphy.
Seems like a lot for just a website ? |
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PKQ
Newbie
Joined: 17 Apr 2006
Posts: 23
Cash Points ££ 447.94
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| Posted: Fri Aug 04, 2006 3:15 pm Post subject: |
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| fundamentals remain negative, says Citigroup, with M&A risk to the upside a "real concern for sellers." Doesn't think possible management change would be enough. Sees UK TV advertising deteriorating from -2% in 1H to -6% in 2H. Target price remains at 95p, retains sell rating. Trades -1.2% at 103p |
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Wade
Saving Enthusiast
Joined: 17 Feb 2005
Posts: 185
Cash Points ££ 2569.94
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| Posted: Wed Dec 13, 2006 4:21 am Post subject: |
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| NTL looks like making a bid for ITV, for around £1.35 per share , a lot higher than where it is at the moment ! |
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