21st Jan 2008 07:00
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 WebPublishing division, Media Corp is pleased to announce the acquisition oftop-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 theaim of it becoming a worldwide provider of comprehensive sports statistics andinformation. All facts and figures on matches, athletes, teams, results,competitions, tournaments, stadiums and sponsors will be provided in whateventually aims to be one of the world's largest sports information websites. Sport.co.uk will also cover historical results, articles, biographies, actualstatistics and sports-related material such as photos, news, calendars andmemorabilia 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 profitableadvertising-driven business model was recently illustrated by the Group'ssuccessful sale of Casino.co.uk for up to £3.625 million. We are aiming toreplicate this success with Sport.co.uk as we continue to increase the scale anddiversity of the Group's Web Publishing business". For further information please contact: Media Corporation plcJustin Drummond, Chief Executive+44 (0)20 7618 9000 Buchanan CommunicationsCharles Ryland/Suzanne Brocks/Susanna Gale+44 (0)20 7466 5000 Canaccord Adams LimitedClayton 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 leadinginternet media and advertising group focused on website publishing and onlineadvertising. www.mediacorpplc.com The Group has two principal divisions: Website Publishing - Media Corp has a diverse publishing division specialisingin online media. Our impressive portfolio of websites includes a number ofmarket 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 reachcampaigns to over 30 Million unique consumers per month via its own proprietaryad-serving and tracking technology for clients including AOL, Dell and AmericanExpress. www.eyeconomy.co.uk Copyright Business Wire 2008Related Shares:
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