Daily Sport Goes **** Up!

[philip2009]

The Daily Sport and Sunday Sport have today ceased publication, after parent company Sport Media Group announced it was set to go into administration.

In a statement to the City this afternoon, Sport Media Group said it had ceased trading with immediate effect because of its "inability to meet certain creditors as they fall due".

The company, which had been attempting to reach an agreement with its lending banks, is in the process of appointing administrators.

The Sunday Sport would have marked its 25th anniversary this year and the Daily Sport its 20th.

Full article ...

April fools?

 

[RabbiJacob]

It's a shame if it's not true

 

[alex24]

What are builders supposed to wipe their bums with now?

Perhaps that's harsh...well...yeah.

 

[MikeHunt79]

I'm 99% sure it's an April foods...

 

[ScarySquirrel]

April Fools' day is bloody stupid. I bored of companies trying to be funny with crap fake news.

 

[RabbiJacob]

I'm 99% sure it's an April foods...

Which April food, specifically?

 

[Bennie-Mac]

I'm 99% sure it's an April foods...

Im not, their parent company had to be bailed out in 2009.

 

[vicisthebest]

Which April food, specifically?

Hot cross buns/Easter eggs

 

[Cosimo]

True:

Sport Media Group PLC Administration

TIDMSPMG

SPORT MEDIA GROUP PLC

("Sport Media", "SPMG" or "the Company")

ADMINISTRATION

Further to the announcement made this morning, the Company announces that as a
result of its inability to meet certain creditors as they fall due, the Company
has today ceased trading with immediate effect. The Company is in the process
of appointing administrators and will update the market once an appointment has
been confirmed.

For further information, please contact:

Sport Media Group Plc

Andrew Fickling, Chief Executive Officer

Neil Robertson, Group Finance Director Tel: + 44 (0) 161 236 4466

www.sportmediagroup.co.uk

Daniel Stewart & Company plc

Oliver Rigby/Noelle Greenaway Tel: + 44 (0) 20 7776 6550

www.danielstewart.co.uk







This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Sport Media Group PLC via Thomson Reuters ONE

[HUG£1502833]

(END) Dow Jones Newswires

April 01, 2011 11:43 ET (15:43 GMT)

http://investors.interactiveworld.com/news-filter

 

[vicisthebest]

That article was published 19 mins ago according to Google - too late for April Fools joke?

 

[philip2009]

April Fools' day is bloody stupid. I bored of companies trying to be funny with crap fake news.

BBC News, and other sources, are confirming the story.

 

[Bennie-Mac]

Its a pretty rubbish day to go into administration though. "Ok employees i have some bad news..."

"Lol April fools try harder next year!"

"No, you're all out of a job"

""

 

[No1newts]

Good. Its not exactly bringing cutting edge news

 

[Cosimo]

Its a pretty rubbish day to go into administration though. "Ok employees i have some bad news..."

"Lol April fools try harder next year!"

"No, you're all out of a job"

""

Any day is a bad day to go into administration.

 

[Cosimo]

That article was published 19 mins ago according to Google - too late for April Fools joke?

It's true:

 

[Derek W]

thats a lot of 'glamour models' out of a job then

 

[Dj_Jestar]

boobs

 

[SB118]

Pity. I miss seeing exposed flange on the front of the newspaper as i stand in the queue at the super market. (obviously i had to go and check the online version, just to be sure it wasn't a blurry print)

 

[cheets64]

never bought it in my life

 

[RabbiJacob]

It's for real!? the 'paper' is no great loss, sorry for the folks that lost their jobs though