Trading Statement

 
TIDMDMG 
 
 

TRADING UPDATE

Tel-Aviv, Israel - January 21, 2011 - Dori Media Group Ltd. ("DMG" or the "Company"), the international media company active in the field of television and new media, with a focus on production, distribution, broadcasting and merchandising of Drama and Telenovela, announces a trading update following the end of the financial year to 31 December 2010.

Turnover for the year ended 31 December 2010 is expected to be between $45 million and $48 million. Consequently, results before tax are also expected to be significantly below market expectations, subject to final audit.

Although the second half of 2010 shows a continuing increase in activity and interest in Dori Media's programming and content, a large portion of income generated from a major production that was expected to be fully realized in 2010 is now expected to be realized in 2011 as a result of scheduling issues experienced by a client. Dori Media will complete the production and the Company is confident that the majority of its income from the production will be booked during 2011. A number of negotiations for agreements initiated at MIPCOM which were expected to be closed in 2010 are also on-going and are expected to be closed during 2011.

Early indications support the Management team's belief that 2011 will prove to be stronger year for Dori Media, given the industry's positive response to its productions. The Company's business operations remain stable and positive cash generative, and Dori Media continues to have a strong balance sheet.

The Board of DMG anticipates releasing its preliminary results by the end of February 2011.

***

For further information on Dori Media Group, please visit our website on www.dorimedia.com or contact:

 
Dori Media Group Ltd.               Shared Value Limited 
Nadav Palti, CEO & President        Mark Walter 
Tel: [phone]                 Investor & Media relations 
[e-mail]                  Tel. [phone] 
                                    [e-mail] 
Daniel Stewart & Company 
Paul Shackleton/Oliver Rigby 
Tel. [phone] 
 
 

Dori Media Group is an international group of media companies, located in Israel, Switzerland, Argentina, The Philippines and the US. The group produces and distributes TV and New Media content, broadcasts various TV channels and operates video-content internet sites. The group owns approximately 5,130 TV hours, more than 5,000 clips of 3 minutes on average, 120 - 9 minute webisodes and around 556 1-5 minute cellular episodes of Telenovelas and daily series that it sells to a wide variety of audiences in more than 120 countries. It owns and operates two telenovela channels, Viva and Viva Platina broadcasted on all Israeli multi-channel platforms and via the co-branded internet site offering telenovelas to Israeli surfers through Walla.com. Dori Media Contenidos produces Spanish daily dramas in Latin America. Dori Media Paran and Dori Media Darset produce top-end series as well as daily dramas for the Israeli and international markets. Dori New Media develops and produces formats specially tailored for the internet and cellular platforms, and realizes new opportunities enabled by the new technologies. Dori Media Spike packages, produces and operates the main movie channels on the Israeli cable TV platform and general entertainment channels on all Israeli TV multi-channel platforms. In Indonesia and Malaysia, the company operates the Televiva Vision 2 channel that is devoted to telenovelas and Baby TV Vision 3 for toddlers, in addition to the Ginx gamers' channel. Ginx is localized and broadcasted to Turkey as well. Novebox operates an ad-based VOD and SVOD commercial internet site targeted at the Hispanic and Latin American audience offering a variety of shows and movies. The group is traded on the London Stock Exchange where its symbol is DMG.

For more information on Dori Media, visit our corporate website at http://www.dorimedia.com/.