Acquisition

Media Corporation PLC
                  Acquisition of Flight Comparison Limited

The Board of Media Corporation plc ('Media Corp or the 'Company') a leading
online media group, is pleased to announce the acquisition of Flight Comparison
Limited ('Flight Comparison'), a travel portal operator and owner of flight
comparison website www.flightcomparison.co.uk.

Flight Comparison, established in 2003, has grown into a profitable operator in
the online travel business. Its principal flight comparison site
www.flightcomparison.co.uk provides a comprehensive guide to scheduled flights
worldwide, highlighting the best deals available. The site provides information
for all major airlines including British Airways, American Airlines and Easyjet.

Income is generated through affiliate deals where travel operators and airlines
pay Flight Comparison for completed flight bookings and related cost per click
search advertising. The Company has top listings in the major search engines for
the term 'flight comparison' and other relevant search terms related to all of
the flights destinations for which the site provides information. The website is
built with the consumer in mind, so the flight search has been made simple and
quick to use and the results are returned rapidly. The websites owned by Flight
Comparison receive around 100,000 unique monthly visitors per month.

The business was founded by Oliver Ragg who has rapidly developed a successful
travel portal business. Having graduated from the University of Birmingham with
an Honours Degree and PhD in 1994, Oliver has held senior technical roles at
both Honeywell Electronics and, more recently, Gold Medal Travel Group prior to
establishing Flight Comparison in 2003. Oliver has entered into a three year
employment agreement with the Company to continue as Managing Director of Flight
Comparison.

The total consideration for the acquisition of the Company is comprised of an
initial payment of £270,000 and an earn out consideration equating to 25% of
adjusted pre tax profits generated over the three year period ending 30
September 2009. These further payments are capped at a total of £0.5 million.

The Company is also making an additional payment of £205,000 for the fair value
of the Company's assets and liabilities, which on acquisition is £215,000,
including £175,000 cash.

As further consideration Oliver Ragg has been granted warrants to subscribe for
500,000 shares in Media Corporation plc at a price of 6 pence per share.

In the accounts for the years ended 31 August 2005 and 2006, the Company
generated profits before tax of £138,000 and £75,000 respectively. It is
anticipated that based on the current monthly revenues and the benefit of
synergies provided by Media Corp that Flight Comparisons profit before tax for
the 2007 financial year will show a significant improvement over the 2006
financial year.

Justin Drummond, Chief Executive, Media Corp said,

'Following our recent acquisition of Result Online Limited, a personal finance
portal operator, this acquisition is another significant step forward for Media
Corp. It fits perfectly with our previously stated strategy of further
diversification into the lucrative personal finance and travel markets. We are
now effectively three businesses in one - we have significant media ownership
with our market leading websites including Creditcardexpert.co.uk, Onthebox.com,
and Freedeal.co.uk, a mass market online ad network with a monthly reach of more
than 30 Million people and best in class proprietary pay per click search
technology. This acquisition further bolsters our media ownership business where
we already have a strong foothold in the personal finance, gaming and general
interest websites and has strong synergies with our ad network and search
business.'

'Media Corp now has critical mass and is fast becoming a very significant player
in a sector where UK online advertising spend alone reached £2 billion in
2006*'.

*Source: Internet Advertising Bureau (IAB)

Oliver Ragg, Managing Director, Flight Comparison said.

'Having built a successful business it is very exciting to be part of a fast
growing and substantial Online Media Group that will give me the support I need
to take the business to the next level'.

'The online travel industry is fast growing and portals like Flight Comparison
provide the consumer with useful information and the best deals available.
Growth of this industry has been enormous over the past few years and I look
forward to making Flight Comparison a substantial business in this exciting
sector'.

-0-
*T
Enquiries:

Media Corporation plc         Justin Drummond, Chief Executive Officer
[phone]           Paul Tuson, Group Finance Director


Canaccord Adams Limited       Mark Ashurst, Managing Director
[phone]

Holborn PR                    Trevor Phillips, Managing Director
[phone]
*T

Notes to editors:

Listed on the AIM market of the London Stock Exchange, Media Corp, is a leading
internet media and advertising Company focused on search, web -site publishing
and media sales.

The company has three principal divisions:

Search Technology - The vertical search specialists building sector specific
search engines for advertisers to communicate in a highly targeted environment
with their particular audience. All of our Search and Media products are powered
by our own high performance proprietary technology. www.searchfocus.co.uk.

Publishing - Media Corp has a diverse publishing division specialising in online
media. Our impressive list of websites includes a number of market leading sites
including www.creditcardexpert.co.uk, www.onthebox.com, www.freedeal.co.uk.

Media Sales - Formed in 1996, Eyeconomy specialises in mass reach campaigns to
over 30 Million unique consumers via its own proprietary ad-serving and tracking
technology for clients including AOL, Dell and American Express.
www.eyeconomy.co.uk.

www.mediacorpplc.com