Media Guardian: Sport Media Group suspends trading

The publisher of the Daily Sport and Sunday Sport, Sport Media Group, has suspended trading on the stockmarket according to a report by the Media Guardian today.

The decision follows a “deterioration in trading”, the report adds.

SMG, which in 2009 was saved from going out of business by former proprietor and West Ham co-owner David Sullivan, said that the business has experienced an “insufficient recovery” since the poor weather in December with “consequential pressure on the company’s working capital position”.

Full report here…

Leave a Reply