8th May 2009 15:47
Sport Media Group plc
("Sport Media" or "the Company")
Refinancing Update
The Board of Sport Media Group plc (AIM: SPMG.L), the integrated multi-media group that publishes the Sunday and Daily Sport newspapers, numerous magazines including 'Front' and digital content for internet and mobile channels, is pleased to announce the formal conclusion of refinancing facilities, pursuant to the announcement released on 30 April 2009, and looks forward to the future with renewed optimism.
For further information, please contact:
Sport Media Group plc
Andrew Fickling, Chief Executive Officer Tel: + 44 (0) 161 236 4466
Andrew Fletcher, Chief Financial Officer Tel: + 44 (0) 20 8507 6965
www.sportmediagroup.co.uk
Daniel Stewart & Company plc
Simon Leathers/Oliver Rigby Tel: + 44 (0) 20 7776 6550
www.danielstewart.co.uk
Notes to Editor:
On the 5th September 2007 Interactive World Plc acquired the entire issued share capital of Sport Newspapers Limited by way of a reverse takeover. At this time the name of the Company was changed to Sport Media Group Plc and the enlarged issued share capital was admitted to trading on AIM.
The Group has grown to become a recognised UK branded tabloid newspaper, publishing various titles including the Daily Sport and Sunday Sport. The Sport titles are sold to approximately 37,000 retail outlets around the UK by a network of wholesalers, both commercial and independent.
The Group's other activities include the sales of digital media content through mobile telephones via the internet to mobile customers of major UK network operators and users of leading UK internet key search engines.
Related Shares:
SPMG.L