Business
Disposal
Disposal.
About this update from Catalyst Media Group Plc
[{"type":"text","content":"\n Catalyst Media Group PLC\n27 April 2007\n\n\n27 April 2007\n\nCatalyst Media Group Plc ('Catalyst Media Group' or the 'Company')\n\n Disposal\n\nCatalyst Media Group is pleased to announce that today it has completed the\ndisposal of Newsplayer Group Inc ('NPG'), the Company's on-line portal for\nsourcing stock footage from multiple libraries, to Dominic Propati, the US\ndirector of NPG. The consideration payable to Catalyst Media Group in connection\nwith the disposal is US$325,000. This completes Catalyst's disposal of all its\npreviously held businesses in the United States, save for certain residual\nincome receivable by the Company in respect of a prior disposal.\n\nIn the 17 month period ended 31 March 2006 NPG recorded a loss before tax of\n£157,994 on turnover of £245,738 and had net assets of £29,712 as at that date.\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1038,"tagName":"div"}]