EM.Sport Media AG / Miscellaneous 23.01.2008 Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- EM.Sport Media AG extends Entertainment Segment sales process and revalues segment business Ismaning, January 23, 2008 The Management Board of EM.Sport Media AG has decided today to extend substantially the process for divestment of its Entertainment Segment, which is currently at an advanced stage. The key reason for this decision is the longer than expected sustained weakness in demand for license products and new productions within the childrens and youth entertainment sector, as well as the general current financial crisis. Both of these factors have had a negative impact on the number of offers, on the value of offers from and the refinancing options available to those investors participating in negotiations. At the same time, the assets available for divestment (cash-free/debt-free) have been revalued as of today from ca. 90 million Euro to 40 million Euro. While this does not impact the results of the continuing operations of the Sports unit, it leads to a negative effect on the results of the discontinued operations. The revaluation ist based on a fair market valuation from a buyer perspective against the backdrop of reduced earnings expectations. These result from an operational performance substantial below plan, and a significant lower than expected performance of new projects at the end of the fourth quarter 2007. Group operating figures arising from continuing operations remain unaffected, with the operating targets already issued for 2007 retaining their validity. As of now and until further notice, Entertainment division businesses will continue under the management of Werner E. Klatten, CEO of EM.Sport Media AG. ISIN: DE0009147207, DE000A0GQKR4, DE000A0A7RR7 WKN: 914720, A0GQKR, A0A7RR Listed: Regulated Market (Prime Standard) in Frankfurt; Regulated unofficial market of Frankfurt stock exchange, Regulated unofficial market Berlin, Düsseldorf, Hamburg, München, Stuttgart Contact: Kontakt PR: EM.Sport Media AG, Sabine Lais, Tel.: +49 (0) 89 - 99 500 461, Fax: +49 (0) 89 - 99 500 466, E-Mail: sabine.lais@emsportmedia.ag Frank Elsner Kommunikation für Unternehmen GmbH, Tel.: +49 (0) 5404 - 91 92 0, Fax: +49 (0) 5404 - 91 92 29 Kontakt IR: EM.Sport Media AG, Jens Stahmann, Tel.: +49 (0)89 - 99 500 436, Fax: +49 (0)89 - 99 500 433, E-Mail: ir@emsportmedia.ag EM.Sport Media AG, Münchener Straße 101g, 85737 Ismaning, Tel.: +49 (0)89 - 99 500 0, Fax: +49 (0)89 - 99 500 111 DGAP 23.01.2008 --------------------------------------------------------------------------- Language: English Issuer: EM.Sport Media AG Münchener Str. 101g 85373 Ismaning Deutschland Phone: 089 / 99500-436 Fax: 089 / 99500 - 433 E-mail: ir@emsportmedia.ag Internet: http://www.emsportmedia.ag ISIN: DE0009147207, DE000A0GQKR4, , DE000A0A7RR7, WKN: 914720, A0GQKR, A0A7RR Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: EM.Sport Media AG extends Entertainment Segment sales process and revalues segment business
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