30 Sep 2013 07:00
DCD Media Plc
("The Group")
Trading Update
DCD Media Plc announces that on Friday 27 September 2013 it was informed that WE tv will not be commissioning an 11th series of Bridezillas. This production has made a large contribution to the Group's revenue in recent years and, unless replaced by new productions, will result in substantially reduced revenue in 2014.
The directors are reviewing the Group's activities and intend to reduce operating costs to operate within their reduced revenue expectations. The directors are currently confident that they can successfully implement this strategy.
The Group's interim results will be released later today.
For further information please contact:
Nahid Burke
Investor Relations / Media Relations, DCD Media Plc
Tel: +44 (0) 20 8563 6976
ir@dcdmedia.co.uk
finnCap Ltd
Stuart Andrews /Charlotte Stranner
Tel: +44 (0) 20 7220 0500