Media Corporation plc, a leading AIM quoted advertising network and Internet publishing group, is pleased to announce that the Google penalty on two of the Group's major websites was lifted on Friday 16th October 2009.
The effect of the Google penalty, which was imposed on
www.gambling.com and
www.creditcardexpert.co.uk in October 2007, considerably reduced the Group's ranking in Google's search results and so significantly reduced inbound visitor traffic from Google which, in turn, adversely impacted revenues on these websites. The removal of this penalty, which was imposed for unknown reasons, together with the re-launch of Gambling.com should result in a marked improvement in the revenue generated through these websites.
In the year ended September 2007,
www.gambling.com generated a gross margin of GBP1,065,000 and, following the penalty, gross margin reduced by 62 per cent. to GBP410,000.
In addition, in the year ended September 2007,
www.creditcardexpert.co.uk generated a gross margin of GBP165,000. In the year ended September 2008, this reduced to GBP73,000, representing a fall of 56 per cent.
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