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Sport Media reports loss

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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Weather for Edinburgh

Saturday 26 May 2012

5 day forecast

Today

Sunny

Sunny

Temperature: 8 C to 20 C

Wind Speed: 16 mph

Wind direction: North east

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Temperature: 11 C to 21 C

Wind Speed: 10 mph

Wind direction: North east

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