Trading Statement

Media Corporation PLC
                  

Media Corporation PLC

Trading Update

Media Corp (AIM:MDC), a leading Advertising Network and internet publishing
Group, today provides an update on trading expectations in relation to the year
ending 30th September 2008.

The Company's core business, the Advertising Network division, is expected to
report revenue of not less than £2.5 million in the year to September 2008
(2007: £1.8 million). This represents revenue growth of 39% compared to the
prior year and demonstrates the opportunity the Company has seen in this sector.

However, the revenue and profit in the Internet Publishing division is expected
to be below market expectations due to the ongoing Google penalty which has
affected both Gambling.com and Creditcardexpert.co.uk, writing off bad debts and
adverse foreign exchange movements with respect to the dollar. These external
factors were initially highlighted in the interims and have continued to hamper
the performance of this business despite the concerted efforts of the Company
and its advisers. Accordingly the division's revenue is expected to be not less
than £1.5 million in the year to September 2008 (2007: 2.2 million excluding
discontinued operations).

The combination of the two divisional results denoted above is expected to see
revenue and profit expectations lower than market forecasts for the 2008
financial year.

Despite the above, the Board remain extremely positive that strong growth in the
Advertising network business will continue to develop value for shareholders in
the medium term and despite poor recent performance in the publishing division
the portfolio of assets remains very valuable.

The Group's balance sheet remains strong with cash expected to be approximately
£4 million at 30th September 2008.

Justin Drummond, CEO commented,

'2008 has been a transitional year for the Group and we have invested heavily in
building a strong management and sales team and the technical infrastructure to
grow the business'.

For further information please contact:

Media Corporation plc
Justin Drummond, Chief Executive
Nilesh Jagatia, Group Finance Director (0)20 7618 9000

Daniel Stewart & Company plc
Simon Leathers Tel: [phone]
www.danielstewart.co.uk

Notes to editors:

Listed on the AIM market of the London Stock Exchange, Media Corp is a leading
internet media and advertising group focused on website publishing and online
advertising.

The Group has two principal divisions:

Advertising Network - Formed in 1996, Eyeconomy specialises in mass reach
campaigns to over 32 Million unique consumers per month via its own proprietary
ad-serving and tracking technology for clients including AOL, Dell and American
Express.

www.eyeconomy.co.uk

Website Publishing - Media Corp has a diverse publishing division specializing
in online media. Our impressive portfolio of websites includes a number of
market leading sites including www.gambling.com, www.onthebox.com
www.sport.co.uk, www.creditcardexpert.co.uk and www.flightcomparison.co.uk.

www.mediacorpplc.com
Media Corporation PLC