Published Date:
09 January 2009
SPORT Media Group – the Manchester-based publisher of the Daily Sport and Sunday Sport – saw its shares tumble a further 30 per cent yesterday after revealing it had slumped into the red by £18.2 million in the year to 31 July.
The result compares with a profit before tax of £5.3m the previous year. News of the earnings slide came a day after Sport Media Group – formed by a £50m reverse takeover in 2007 – revealed it had breached one of its banking covenants.
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Last Updated:
08 January 2009 8:33 PM
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Source:
The Scotsman
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Location:
Edinburgh
