Page last updated at 09:43 GMT, Thursday, 6 August 2009 10:43 UK

ITV in 25m Friends Reunited sale

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ITV has sold Friends Reunited to Brightsolid Limited for £25m, despite having paid £175m for it.

The announcement came with the release of half-yearly pre-tax losses of £105m.

The BBC's Emma Simpson asked ITV's chief operating officer, John Cresswell, whether buying Friends Reunited had been the right strategy.

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