Trading Update

Trading Update

Media Corporation PLC

Media Corporation Plc
("Media Corp" or the "Group")

Trading Update

Media Corporation plc, a leading AIM quoted media and online gaming Group, is pleased to announce a 3^rd quarter trading update.

Third Quarter 2011 - Unaudited Trading Highlights (3 months):

Group Revenues of £11.4 million (Q3 2010: £11.8 million)

Eyeconomy revenues of £1.9 million (Q3 2010: £0.7 million)

Purple Lounge revenues of £9.5 million (Q3 2010: £11.0 million)

Year to 30^th June 2011 - Unaudited Trading highlights (9 months):

Group Revenues of £24.7 million (2010: £21.7 million)

Eyeconomy revenues of £5.1 million (2010: £2.6 million)

Purple Lounge revenues of £19.5 million (2010: £18.8 million)

Cash of £2.6 million as at 30^th June 2011

Other Highlights

During the quarter Eyeconomy signed a partnership deal with Digital Sports Group adding a further 150 million monthly impressions and doubling the scale of Eyeconomy’s exclusive site representation business from August 2011.

In addition, the Group secured significant new customers for Eyeconomy include Groupon Inc resulting in a record quarter for this part of the Group.

Sale of Sport.co.uk for 0.2million as the Group continues its strategy of disposing of loss making internet publishing assets.

Purple Lounge acquired a further 4,500 customers in the 3 month period and as at 30 June now has over 115,000 registered customers.

Justin Drummond, Media Corporation's CEO, commented:

“This is another very positive performance for the first three months of the second half of the financial year. Eyeconomy has had a record quarter with profitable growth across all of its business divisions. Growth at Eyeconomy should continue in the 4^th quarter of 2011 as we add Gaming Media’s impressive portfolio of sites to our exclusive site represent network.

Purple Lounge has had another good quarter against industry wide declines in online poker revenue. The group is continuing to successfully test a number of innovative online marketing techniques which the Directors believe will significantly increase customer signups, active players and revenues in the coming months.

The Group is now well funded following the sale of Gambling.com and Sport.co.uk at the beginning of the financial year and we continue to consider a number of earning’s enhancing acquisition opportunities that will enhance both the scale and profitability of the Group.

The Board remains positive about the outlook for the year and we look forward to providing further updates in the near future.”

Media Corporation Plc	Â	Â	Â	Tel: [phone]
Justin Drummond - CEO
Nilesh Jagatia – Group Finance Director
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Northland Capital Partners limited				Tel: + 44 20 7796 8800
Luke Cairns / Rod Venables (Nomad)
Katie Shelton (Joint Broker)
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XCAP Securities				Tel: + 44 207 101 7070
John Grant / Karen Kelly (Joint Broker)
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Bishopsgate Communications				Tel: + 44 20 7562 3350
Deepali Schneider / Natalie Quinn
[e-mail]

Notes to editors:

Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group.

The Group has two principal divisions:

Online Gaming – Media owns Purple Lounge, www.purplelounge.com a leading European online poker casino operator. With over a 100,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service.

Advertising Network – Acquired in 2004, Eyeconomy specializes in mass reach campaigns to up to 50 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

Further information can be found on the company's website, at www.mediacorpplc.com