SWD Sportsworld

RNS Number:3973R
Sportsworld Media Group PLC
13 February 2002

13 February 2002



Sportsworld Media Group plc ("Sportsworld" or the "Company")



OPERATIONAL REVIEW



On 28 January 2002, the Board announced that, in light of the most recent
trading information it had received, the trading profit (before amortisation of
goodwill) for the full year was likely to be in the range of between £9M and
£10M.



Following that announcement, the Company has commenced a more detailed review of
its operations which it has not yet concluded. However, on the basis of this
review to date, it is now clear that the result for the current financial year
will be substantially below the range of figures previously indicated. As a
precaution, the Board has initiated discussions with the Company's principal
banker regarding its ongoing funding requirements.



As part of this review, the Board will review with its auditors the Company's
treatment of investment in programming and the carrying value of goodwill, in
light of the current trading environment.



A further announcement will be made following completion of the review.



ANNOUNCEMENT OF INTERIM RESULTS



The Company now expects to delay the announcement of its interim results for the
six months ended 31 December 2001 until after completion of the operational
review.



                                    - ENDS -



Enquiries:

Geoff Brown, Chief Executive
Malcolm Gardner, Group Finance Director
Sportsworld Media Group plc                                   Tel: 020 7240 9626

Tim Spratt / Tania Parsons
Financial Dynamics                                            Tel: 020 7831 3113



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