7DIG.L Regulatory News (7DIG)

29 Jun 2007 15:18

UBC Media Group PLC29 June 2007 Completion of CGDL Sale UBC Media Group plc announces the completion of the sale of its 80% shareholdingin the Classic Gold Digital network of radio stations to GCap Media plc for acash consideration of £3.95 mil. Ends Enquiries Simon HowellUBC Media020 7453 1600 Verity WilliamsPortland, for UBC020 7404 5344 About UBC Media Group UBC is quoted on the London Stock Exchange's AIM market. The Group is themarket leader in the supply of audio content and broadcast data software to theradio industry in the UK. In addition to the entertainment, traffic and traveland national news services provided to commercial radio, the Group is thelargest independent producer of radio programming for the BBC and the UK'sleading supplier of digital radio scrolling text and EPG software. The Groupalso has a partnership with Channel 4 Television in national speech stationOneword and is part of the MXR Regional Multiplex consortium. This information is provided by RNS The company news service from the London Stock Exchange