MEDIA CORP REACQUIRES SOLD DOMAINS

July 7,2012 :  MEDIA CORP REACQUIRES SOLD DOMAINS
 
Have the potential to be profitable
 
In an interesting development, Media Corporation – the former owners of the now defunct Purple Lounge, have announced the reacquisition of a number of its sold publishing websites that include onthebox.com and flightcomparison.com which were announced sold at the end of February 2012.
 
A company statement said the Company will resume full ownership of "a number of websites previously sold by the Company", as well as receiving a cash settlement of GBP 196 000.
 
The new management team believe that the reacquired websites have the potential to be profitable and will work towards achieving maximum value from the sites in future.