AGM Statement

 
TIDMSPMG 
 
Sport Media Group plc 
 
                 ("Sport Media",  "the Group" or "the Company") 
 
                                 AGM Statement 
 
 
At the AGM of Sport Media Group plc to be held at 1pm today the following 
statement will be made: 
 
The Board is pleased to report that Group performance is broadly in line with 
expectations, and positive cash flows are reducing our bank debt. 
 
 The daily newspaper has seen a recent improvement in circulation, and we are 
hopeful that we can build on this trend as the summer progresses.  Various 
initiatives, both editorial and marketing, are being deployed, having been 
designed to improve both circulation and advertising revenue.  The previously 
announced strategy to develop our own content generation is progressing well, 
and should begin to impact positively in the second half of the year. 
 
Trading in the Digital side of the business remains difficult, with revenues 
still declining compared to the similar periods last year, and as a result 
additional cost reductions have been actioned.  We are, however, encouraged by 
the performance of the recently established Telecoms 2  business, where revenues 
are growing strongly, albeit on moderate margins, and the cross sell 
opportunities to support the newspapers advertisers is developing well. 
 
We look forward to reporting further on progress this year with our interim 
results which are due for release in September. 
 
 
For further information, please contact: 
 
Sport Media Group plc 
David Bailey, Chairman 
Andrew Fickling, Chief Executive Officer 
Neil Robertson, Group Finance Director 
Tel: + 44 (0) 7836 258 558 
Tel: + 44 (0) 161 236 4466 
www.sportmediagroup.co.uk <http://www.sportmediagroup.co.uk> 
 
Daniel Stewart & Company plc 
Simon Leathers/Oliver Rigby 
Tel: + 44 (0) 20 7776 6550 
www.danielstewart.co.uk <http://www.danielstewart.co.uk> 
 
 
[HUG#1424337]