Media Corporation PLC
Media Corporation plc ('Media Corp' or the 'Group')
(AIM:MDC)
Acquisition of Sport.co.uk
As part of an ongoing strategy to broaden the scale and scope of the Group's Web
Publishing division, Media Corp is pleased to announce the acquisition of
top-tier domain name and website www.sport.co.uk for a cash consideration of
£135,000.
Media Corp will develop Sport.co.uk during the first quarter of 2008 with the
aim of it becoming a worldwide provider of comprehensive sports statistics and
information. All facts and figures on matches, athletes, teams, results,
competitions, tournaments, stadiums and sponsors will be provided in what
eventually aims to be one of the world's largest sports information websites.
Sport.co.uk will also cover historical results, articles, biographies, actual
statistics and sports-related material such as photos, news, calendars and
memorabilia on a wide range of sports.
Justin Drummond, Chief Executive of Media Corporation plc, commented:
'The value of a top-tier domain name combined with a profitable
advertising-driven business model was recently illustrated by the Group's
successful sale of Casino.co.uk for up to £3.625 million. We are aiming to
replicate this success with Sport.co.uk as we continue to increase the scale and
diversity of the Group's Web Publishing business'.
For further information please contact:
Media Corporation plc
Justin Drummond, Chief Executive
+44 (0)20 7618 9000
Buchanan Communications
Charles Ryland/Suzanne Brocks/Susanna Gale
+44 (0)20 7466 5000
Canaccord Adams Limited
Clayton Bush, Vice President
+44 (0)20 7050 6500
Notes to editors:
Listed on the AIM market of the London Stock Exchange, Media Corp is a leading
internet media and advertising group focused on website publishing and online
advertising. www.mediacorpplc.com
The Group has two principal divisions:
Website Publishing - Media Corp has a diverse publishing division specialising
in online media. Our impressive portfolio of websites includes a number of
market leaders including www.gambling.com, www.onthebox.com www.sport.co.uk,
www.creditcardexpert.co.uk and www.flightcomparison.co.uk.
Online Advertising - Formed in 1996, Eyeconomy specialises in mass reach
campaigns to over 30 Million unique consumers per month via its own proprietary
ad-serving and tracking technology for clients including AOL, Dell and American
Express.
www.eyeconomy.co.uk
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