1st Feb 2005 11:45
1 February 2005 Daily Mail and General Trust plc (`DMGT') Sale of Arts & Entertainment DMG Broadcasting, the broadcasting division of DMGT, has announced the sale ofArts and Entertainment Programming Limited ("A&E") to Eicom plc for aconsideration of ‚£365,000, payable in cash. A&E is the owner of PerformanceChannel which currently broadcasts in the UK on Sky and on Telewest.The disposal will give rise to an exceptional loss on disposal of approximately‚£4 million in the current year due to the deduction of goodwill, previouslywritten off reserves.Enquiries to:Graham Brown , Director, DMG Broadcasting 0870 731 3604Nicholas Jennings, Company Secretary, DMGT 020 7938 6625 Daily Mail and General Trust plc Northcliffe House, 2 Derry Street, London, W8 5TT Tel 020 7938 6000 Fax 020 7938 4626 www.dmgt.co.uk Registered in England and Wales No. 184594ENDRelated Shares:
DMGT.L