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Sport Media Group announces £6m profits |
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Friday, 29 August 2008 |
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The owner of the Sunday Sport and Daily Sport has announced pre-tax profits of £6m for the year ending 31st July.
The news release also stated that Sport Media Group was optimistic for 2009.
There have been a number of changes at the top of Sport Media with new board member David Bailey taking over as chairman from Simon Hume-Kendall.
Hume-Kendall stepped down from the role in June and will now become a non-executive director.
Bailey only joined the board in March, with a background in business, corporate finance and investor issues.
The Group also commented on the editorial changes which have had a stuttering start since the much hyped relaunch and then potential u-turn and last month’s appointment of Murray Morse as editor in chief of Sport Newspapers.
There have been "some encouraging responses to the changes he has made."
Read into that what you will.
Their annual results are out in November. Something to add? Then leave a comment below or email us now.
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