The Artesian blog takes a look at the business headlines, For personalised daily news, contact Artesian
Loss-Making ITV Sells Friends Reunited - ITV has sold Friends Reunited to Beano owner D.C. Thomson for £25m as it announced half yearly losses of £105m.
The broadcaster said advertising revenue was down £108m - 15% - in what it described as the worst ever year in UK TV advertising. (full story)
Rupert Murdoch to charge to view News Corp's online news - News Corp chairman plans to charge readers of the websites of all his newspapers within the next 12 months.
Mr Murdoch, chairman of News Corporation, pledged that the media conglomerate would “assert its copyright” over all its newspapers online, including the Sun and the News of the World (NOTW). (full story)
Google buys video technology firm - Google has announced a deal to buy On2 Technologies, which provides technology that should help improve video quality on the internet search engine.
The deal for $106.5m (£62.7) should be concluded later this year, subject to On2 shareholder approval. (full story)
Sliding profits at Standard Life add to insurers’ day of gloom - Standard Life capped a turbulent day for the insurance sector yesterday after it reported that first-half profits had fallen by more than a third, largely because of sliding sales in Britain.
Its results, described as “slightly disappointing” by one analyst, came as the British division of Axa, the French insurer, announced plans to cut 350 jobs, and Old Mutual, the Anglo-South African insurer, named a new chairman amid falling profits. (full story)
Manila's San Miguel in talks to sell stake in liquor arm - Food-to-power Philippine conglomerate San Miguel Corp (SMC.PS) (SMCB.PS) is holding talks with foreign groups to sell a substantial stake in its liquor arm in the coming months, the company's president said.
Ramon Ang told reporters the sale of a stake in Ginebra San Miguel Inc (GSMI) (GSMI.PS), the country's largest liquor firm, would likely be concluded before a planned divestment of up to 49 percent of the group's food arm San Miguel Pure Foods Co Inc (PF.PS) (PFB.PS) in the next six months. (full story)
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