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”.
Tags: Daily Sport, financial, newspaper, Sport Media Group, stocks, Sunday Sport
