Trading Update

Trading Update

Media Corporation PLC

Media Corporation Plc
("Media Corp" or the "Group")

Trading Update

Media Corporation plc, a leading AIM quoted media and online gaming Group, is pleased to announce that, ahead of the release of the final results for the year to 30 September 2010 expected in March 2011, it has had another strong start to the current financial year.

First Quarter 2011* Unaudited Trading Highlights:

*1 October 2010 – 31 December 2010

• Group revenues increased to £5.6m (Q1 2010: £4.6.m) an increase of 21.7%
• Purple Lounge revenues increased to £3.8m (Q1 2010: £3.3m) an increase of 15.1%
• Eyeconomy Revenues increased to £1.6m (Q1 2010: £1.2m) an increase of 33%
• Both Purple Lounge and Eyeconomy have traded profitably in the period
• Ongoing negotiations with a number of potential purchasers of Gambling.com

Strong year on year growth has continued at Purple Lounge Limited, the Group’s online poker and casino business and at Eyeconomy, the Group’s wholly owned advertising network. In addition the Group is in ongoing negotiations with a number of parties for the sale of gambling.com. It is anticipated that the sale should complete during the second quarter of the financial year.

Justin Drummond, Media Corporation's CEO, commented:

“This is another strong performance for the first three months of the new financial year. We are extremely positive about the outlook for the year and we look forward to providing further updates in the near future.”

Further information can be found on the company's website, at www.mediacorpplc.com or by contacting:

Contacts:

Media Corporation Plc	Â	Tel: [phone]
Justin Drummond - CEO
Nilesh Jagatia – Group Finance Director
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Northland Capital Partners limited		Tel: + 44 20 7492 4750
Luke Cairns / Rod Venables (Nomad)
Katie Shelton (Joint Broker)
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XCAP Securities		Tel: + 44 207 101 7070
John Grant / Karen Kelly (Joint Broker)
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Bishopsgate Communications		Tel: + 44 20 7562 3350
Duncan McCormick/Deepali Schneider/Natalie Quinn

Notes to editors:

Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading media and online gaming group.

The Group has two principal divisions:

Advertising Network - Formed in 1996, Eyeconomy specialises in mass reach campaigns to up to 50 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

Website Publishing - Media Corp has a diversified publishing division specialising in online media and gaming. The impressive portfolio of websites includes a number of market leading websites, such as www.purple-lounge.com, www.gambling.com, www.onthebox.com, www.sport.co.uk, www.creditcardexpert.co.uk and www.flightcomparison.co.uk.

Further information can be found on the company's website, at www.mediacorpplc.com