Sport Media struggles on with £30m losses

THE publisher of the Daily Sport and Sunday Sport newspapers racked up losses of close to £30m in the last 18 months, and said today the outlook remains “challenging”.

Manchester-based Sports Media Group reported a turnover of £30.9m for the 17 months to the end of December 2009, compared with the £29.4m it made in the previous 12 month period to the end of July 2008.

However, its pre-tax loss stood at £29.2m (12 months of 2008: £18.2m), with an underlying loss before tax of £400,000 (2008: £6.4m pr... For the full story register now for free or login below...