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Social networking site bought by ITV for £175m
Peter Dubens understood to be in talks over £15m offer
The Friends Reunited social networking website was bought by ITV for £175m in 2005, but has remained problematic for the broadcaster. Photograph: Sarah Lee
Internet entrepreneur Peter Dubens has emerged as a potential bidder for Friends Reunited, offering to end ITV’s disastrous experiment with online social networking at a massive 90% discount to what the broadcaster paid for the website four years ago.
ITV put Friends Reunited up for sale in February as the drop in online advertising revenues forced the company to dramatically writedown the value of a business that had cost it £175m.
Analysts believe Friends Reunited is worth about £20m to £40m, but private equity firm Oakley Capital is understood to have offered just £15m. Oakley is backed by Dubens, who also has connections through another investment vehicle with Michael Birch, the founder of rival networking site Bebo. Read more…
Animated characters Wallace and Gromit in an advert encouraging people to get loft insulation before the winter. Created by BMB Click the Link
This Uk Based Power seller is a complete joke and rips of the public by claiming more for power than any other supplier.
http://www.guardian.co.uk/media/video/2009/jul/17/wallace-gromit-npower
News organisations frustrated by websites copying and pasting their articles on to their own pages may take heart from an innovative new site called Attributor.
It seeks to recoup a portion of the advertising revenue enjoyed by sites that “borrow” copyrighted content from its originators.
Attributor has developed an automated way for newspapers to share in the revenue from even the tiniest sites that copy their articles. Read more…
Fire into ice: burnt strands of Michael Jackson’s hair are to be turned into diamonds. Photograph: Eugene Adebari/Rex Features
The marketing and merchandising of the late King of Pop has finally taken the inevitable turn for the macabre. Strands of Michael Jackson’s barnet that were burnt off during the shooting of a Pepsi commercial in 1984 are being turned into a limited range of jewellery. Diamond jewellery, to be specific. Chicago-based jeweller LifeGem, which “specialises in creating high quality diamonds from individual hair samples”, is making an as-yet-undetermined number of diamonds from the hair. Apparently the executive producer of the Pepsi ad, Ralph Cohen, scooped up a bunch of Jackson’s charred hair when putting out the fire on his head – using his Armani jacket no less. Now Cohen has teamed up with a collector called John Reznikoff who in turn went to LifeGem. “Our plan is to give people an opportunity to own a diamond made from Michael Jackson’s DNA,” said Dean VandenBiesen, the founder of LifeGem. “This will be a limited collection and we anticipate great interest.” The diamond will be presumably be Jackson Five carat
Pearson chief executive says she is ‘delighted’ Financial Times publisher made a profit given the downturn in ad revenues
Chris Tryhorn guardian.co.uk
Marjorie Scardino has shrugged off a 40% fall in first-half operating profits at FT Publishing as the newspaper industry faces unprecedentedly tough times.
The Pearson chief executive said advertising revenues at the division, which publishes the Financial Times and houses the company’s 50% stake in the Economist, were suffering “somewhere in the range” experienced by the rest of the industry – between 20% and 40% down year on year. But she added that making a profit in those circumstances was a great achievement. Read more…
Guidelines suggest tweets should be frequent, timely and credible
Alan Travis, home affairs editor guardian.co.uk 20-page strategy paper for government departments on how to use Twitter might be regarded as “a bit of over the top” for a microblogging tool with a limit of 140 characters a message.
Indeed, the 5,382-word official “template”,which translates into 36,215 characters and spaces, would need roughly 259 separate tweets to put the word around Whitehall using Twitter.
But its author, Neil Williams, who describes himself as head of corporate digital channels at Lord Mandelson’s Department for Business, Innovation and Skills, admits that when he sat down to write a proper plan for his department’s corporate Twitter account, “I was surprised by just how much there was to say ‑ and quite how worth saying it is.”
Whitehall’s official use of Twitter was pioneered by Downing Street, the Foreign Office and the Communities and Local Government department.
Their low-profile experiments have grown into a regular feature of their official digital output. Read more…
Like this - only bigger: Apple is expected to launch a tablet computer that functions like an iPod Touch but with a larger screen
Apple is about to launch a tablet computer that will be like an enlarged version of the iPhone and iPod Touch - not running the full Mac OS X operating system, but instead limited to running one application at a time - in part as a means of selling more music downloads, according to reports posted in today’s Financial Times.
The screen is expected to be substantially larger than the existing 3.5 inches (8.9cm) diagonal viewing size of the iPod Touch and iPhone, so as to give users looking at their music library an experience closer to looking at 12″ album sleeves from the recording industry’s past, when music was recorded onto vinyl.
There are no indications about the price or screen size of the machine. Apple is always extremely careful about preventing details of new products leaking out before their launch, and the limited information that has slipped out about this one - which has been rumoured, in some form or other, for years - will almost surely have come via its partners in the music business on the project.
However there is also speculation that the new - and so far unnamed - tablet computer will contain ebook capabilities, and that book publishers have been talking to Apple about the reading capabilities of the new system, which would be an immediate rival to Amazon’s Kindle. “It would be a colour, flat-panel TV to the old-fashioned, black and white TV of the Kindle,” one publishing executive told the FT.
The FT reports that the company, which just announced record financial results despite the economic downturn, is working to release the tablet-style machine in September along with new iPods.
The device is expected to have Wi-Fi capabilities and to be able to download and stream music and run applications just like the iPod Touch. Read more…
Table of the best and worst speeds provided by major broadband companies.
Broadband customers are being sold super-fast connections that their providers are unable to achieve, according to research that shows internet users are struggling with speeds of less than half the rate they signed up to.
The 
media and telcoms watchdog, Ofcom, examined the most popular broadband product advertised as offering speeds of “up to” 8 megabits per second and used by 57% of homes. The report, published today, says, on average, users are getting speeds of just 3.9Mb. That means a DVD-quality film would take more than two hours to download – longer than it takes to watch it – compared to just over an hour at the faster speed.
Fewer than one in 10 households on an up to 8Mb service get over 6Mb and no one can ever receive the full speed because of the way the internet service providers (ISPs) run their networks, the report said. The average speed for all broadband connections in the UK, according to Ofcom, is just 4.1Mb. That doubles the time it takes to download a music track – 10 seconds as opposed to 5 seconds at the fast rate.
The lower speeds have led to a flurry of complaints from consumers. More than one in five of those surveyed by Ofcom expressed dissatisfaction with the speed they are getting while 26% said they did not get the speed they expected to receive when they signed up. Read more…
The Wall Street bank has cleared its account with the US government – and freed itself from White House influence
Goldman Sachs has become the first of Wall Street’s top banks to untangle itself entirely from US government financial aid by paying $1.1bn (£660m) to redeem warrants it granted the US Treasury under the emergency banking bailout last year.
The investment bank redeemed the warrants, which were convertible into shares, late on Wednesday. It followed Goldman’s repayment last month of $10bn in money from the Treasury’s troubled asset relief programme, or Tarp, and it put an end to the government’s presence on the bank’s balance sheet. Read more…
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