Yoomedia PLC
13 June 2006
YooMedia plc / Ticker: YOO / Index: AIM / Sector: Media
13th June 2006
YooMedia plc ('YooMedia' or the 'Group')
Agreement with Virgin Radio to Launch Virgin Radio Station on Freeview
YooMedia, the AIM-traded interactive content and services provider, has signed a
multi-year agreement with leading commercial national rock and pop music station
Virgin Radio, to provide bandwidth for the transmission of Virgin Radio
programming on Freeview, the UK's Digital Terrestrial Television (DTT) system.
Under the agreement Virgin Radio will be available to over seven million homes
with Freeview set top boxes in the UK. YooMedia and Virgin Radio will also
jointly explore value-added interactive services for delivery alongside Virgin
Radio programming.
YooMedia's Group Managing Director Neil MacDonald said: 'With nearly 44 million
people in the UK tuning in each week to various radio services, radio cannot be
ignored. We are therefore delighted to be working with Virgin Radio to deliver
some of the best available rock and pop content to millions of Freeview homes.'
Fru Hazlitt, Virgin Radio's CEO said: 'In order to achieve maximum growth it is
critical that Virgin Radio is accessible across every available platform so I'm
pleased to announce the launch of Virgin Radio on Freeview in conjunction with
YooMedia. This will extend our reach to millions of Freeview customers and is
another example of our commitment to high-quality radio across multiple
platforms.'
The Virgin Radio station will operate alongside YooMedia's DTT datacasting
service, which is provided to tvtv, a branch of Sony United Kingdom Ltd,
Gemstar-TV Guide International and Electra Entertainment Limited. The Directors
expect to deliver annualised incremental earnings in excess of £700,000 by the
end of 2006 from the provision of DTT datacasting and other DTT services.
Virgin Radio is the UK's only commercial rock and pop music station. It can be
heard on 105.8FM in London, on 1215AM nation-wide, on any DAB Digital radio, via
Sky Digital and the cable TV networks and via WorldSpace. Virgin Radio is the
world's most listened to station on the internet and can be heard at
www.virginradio.co.uk. Virgin Radio Classic Rock, Virgin Radio Xtreme and Virgin
Radio Groove extend the brand across the internet and on DAB in London. Virgin
Radio is wholly owned by SMG plc.
* * ENDS * *
Contacts:
YooMedia plc Neil MacDonald Tel: 020 7462 0870
St Brides Media & Finance Ltd Isabel Crossley Tel: 020 7242 4477
Virgin Radio Rhiannon Clarke Tel: 020 7432 3418
Notes on YooMedia plc:
YooMedia is one of the fastest growing interactive entertainment companies in
the UK. Essentially, it develops and delivers premium interactive content and
services to households and individuals via TV, the web, telephony and mobile
phones. It has four main divisions:
• YooMedia Dating - manages dating brands including Dateline and Avenues from
over 20 locations throughout the UK. Operates across traditional media,
digital TV, internet and mobile phones.
• YooMedia Gambling & Games - interactive fixed odds, play for fun
casino and poker related games services for digital TV, the web and mobile
phones. Brands include Channel 425, while it also manages YooPlay, the only
interactive games channel found on all four Digital TV platforms in the UK and
Avago, which was established by YooMedia and is now managed on behalf of Gala
Group.
• YooMedia Enhanced Solutions (YES) - delivers interactive content
that enhances consumer and audience experiences. Customers include the BBC,
Nestle, Celador, William Hill, Channel 4, The Cartoon Network and HR Owen.
• YooMedia Public Sector - provides digital solutions/media
services to leading public sector organisations including the NHS Direct
Interactive TV service for the Department of Health, the Learning and Skills
Council TV Kickstart service and a range of local authority TV services.
The Group's experienced management team includes: Chairman, Dr. Michael
Sinclair, who holds a number of directorships in both the UK and the USA having
previously founded Lifetime Corporation; and Managing Director, Neil MacDonald,
whose career spans 11 years in multimedia and interactive sectors plus a further
19 years in the retail industry.
This information is provided by RNS
The company news service from the London Stock Exchange EAPKAFLPKEFE
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.