Score Media Reports Revenue Growth in 2009

TORONTO, Oct. 21, 2009 – Score Media Inc. (TSX: SCR) today announced its financial results for the fourth quarter and fiscal year ended August 31, 2009:

• Revenue for the year ended August 31, 2009 increased by $2.5 million to $38.9 million compared to $36.4 million in the year ended August 31, 2008.  The company had increases in TV revenues as well as web and mobile revenues.
• EBITDA for the year ended August 31, 2009 was $3.8 million compared to $5.9 million in the previous year, due mostly to planned investments in HD programming and marketing
• Net loss for the year ended August 31, 2009 was $1.5 million, compared to net income of $2.0 million in the previous year, due primarily to the above noted investments in HD programming and marketing, and increased depreciation expense of $1.5 million related to Score Media’s new HD broadcasting facilities
• Fourth quarter revenue increased by $0.4 million to $8.9 million compared to $8.5 million in the prior year.  Fourth quarter EBITDA was $0.7 million compared to $1.6 million in the prior year.

“We are pleased with our fiscal 2009 results,” says John Levy, Chairman & CEO, Score Media Inc.  “Continuing to grow revenue while making strategic investments across various departments and navigating through a tough economy is a noteworthy accomplishment that has left us well positioned for both revenue and EBITDA growth in 2010.”

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