Sport Media Group is cautious but profits grow
LONDON - Sport Media Group, the owner of the Daily and Sunday Sport, increased its profits by 48% during the six months to end-January, although it is adopting a "cautious approach" to its expectations for the rest of its financial year.
The multimedia operation, which has just relaunched its Daily Sport newspaper, said its cautious approach was due to the delayed relaunch coupled with the deteriorating macro-economic climate.
The group reported turnover of £14.4m during the six months to January 31, with underlying pre-tax profits increasing by 48% to £3.2m.
The group reported turnover of £14.4m during the six months to January 31, with underlying pre-tax profits increasing by 48% to £3.2m.
ADVERTISEMENT
Advertising revenues, the group said, were down 8% year on year due to what it termed a general downturn in the adult advertising market.
Last week, Sport Media Group appointed MediaCom North to handle its media planning and buying activities.
Barry McIlheney: editor-in-chief
Jobs
- Digital Content Manager, Sage UK Limited
- , North East England
- Account Manager, Livewire PR
- £27-33K, West London
- MARKETING MANAGER :: INTERNATIONAL PROPERTY COMPANY, Dylan*
- Up to £55k + fantastic bens, Central London
- STAFFING AGENCY :: INTEGRATED AGENCY, Dylan*
- ,
Comments