Sumo owner in £1.4m EPG slot trade
Thursday, March 27 2008, 09:14 GMT
By James Welsh
Cellcast has swapped the two entertainment positions for one slot elsewhere in the entertainment category plus the cash sum. It is not yet known with whom the swap has been transacted or, therefore, where Sumo will move to, although reports today suggest that the two slots will be used for DMAX and its upcoming DMAX2 channel.
Sumo is expected to move positions at the start of April.
> Read our interview with Sumo's creative and editorial director, James Brown
The proceeds from the transaction will be used by Cellcast for "general working capital" and to repay a £500,000 facility from Headstart. In its most recent set of results, it reported an operating loss of £1.7m.


