Media Content PLC
7 April 2000
MEDIA CONTENT PLC ANNOUNCES STRATEGIC PLAN AND INTERIM
FINANCIALS
Media Content PLC announced today the outline of its
strategic plan for development, and the interim financial
statement for the six-month period ended 31 December 1999.
The Board of Media Content PLC today confirmed its continued
implementation of the dual advisory/investment strategy,
which has been reflected in the company's re-structuring at
the beginning of this year.
Media Content PLC's wholly owned subsidiary Media Content
Sports Media Advisors Ltd will aim to continue to grow its
solid reputation for high-level independent sports media
advice, provided to prestigious clients such as New Zealand
Rugby, The International Football Channel, World Wrestling
Federation Entertainment Inc., AirTV, The Sydney 2000
Paralympic Games and Sportev. Media Content Sports Media
Advisors Limited is also in the process of identifying and
securing new fee/upside fee advisory opportunities with
other leading rightsholders and media companies.
Media Content PLC's wholly owned subsidiary Media Content
Development Limited will continue to seek unique global
sports media and internet investment opportunities, of a
selective nature and always with a strategic connection to
the advisory business, to add to its stake in Sportev
Limited, the sports webcasting startup, and to its holding
in The International Football Channel.
Both subsidiary companies have undertaken a staff
development plan to grow the existing capacity for servicing
clients and seeking investment and partnership
opportunities, and during 2000 Media Content PLC will also
explore the possibility of expanding its network to include
offices in other key regional sports media markets.
Jean-Paul de la Fuente, CEO of Media Content PLC, says,
'During 1999 and early 2000 we have moved significantly
forward in implementing our dual advisory/investment
strategy. I am delighted by the vote of confidence given to
Media Content by some of the world's leading sports
rightsholders and innovative media content developers in our
market.'
Jean-Francois Denis, Managing Director of Media Content PLC,
says,
'Despite our young age as a company, the market is
beginning to place us amongst the leaders in the provision
of independent sports media rights expertise, based on the
company's principal executives combined personal historical
and current involvement in the acquisition, marketing and
advising of a cumulative total of US$8billion worth of
sports media rights.'
The Board also released the interim financial statement for
the six-month period up to December 1999. Commenting on the
financial statement, the recently appointed Non-Executive
Director, Len Fertig, stated, 'This statement is entirely in
line with the strategic plan announced today.'
Enquiries:
Jean-Paul de la Fuente
Media Content PLC 0702 1136550
Ian Currie
Apax Partners & Co. Capital Limited 0161 831 9133
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