7DIG.L Regulatory News (7DIG)

20 Nov 2007 09:30

UBC Media Group PLC20 November 2007 UBC Media Group plc ("UBC" or "the company") Oneword Radio Following press speculation, UBC confirms that it has already fully written offits 49% investment in the loss making digital station Oneword Radio and that theCompany is examining ways in which to exit from the venture. UBC will updatethe market at the Interims on December 4th. ENDS Enquiries Simon Cole, C.E.O. UBC Media Group plc: Tel: 020 7453 1600 Diane Barnes, Verity Williams, Portland for UBC: Tel: 020 7404 5344 Sarah Jacobs, Seymour Pierce for UBC: Tel: 020 7107 8000. Notes to Editors About UBC Media Group UBC is quoted on the London Stock Exchange's AIM market. The Group is the marketleader in the supply of audio content and broadcast data software to the radioindustry in the UK. In addition to the entertainment, traffic & travel andnational news services provided to commercial radio, the Group is the largestindependent producer of radio programming for the BBC and the UK's leadingsupplier of digital radio scrolling text and EPG software. It is also part ofthe MXR Regional Multiplex consortium and the 4Digital National Multiplexconsortium. UBC has developed, and will launch later this year, an innovativeservice called Cliq which will allow radio listeners to buy songs as they hearthem on radio stations. www.ubcmedia.com This information is provided by RNS The company news service from the London Stock Exchange