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WorldScreen.com - Dori Media Reports Strong Half-Year Results - August 15th, 2006

For the first half of this year, Dori Media Group reported revenues of $9.65 million, a 49-percent gain, with a dramatic increase in net profit from $139,000 to $1.72 million.

International sales accounted for 68 percent of the company's revenues, more than double the 33 percent they accounted for last year. DMG's telenovela broadcasting and format rights sales were up 151 percent to US$4.16 million, compared to US$1.65 million in the same period last year, due to increased international sales, particularly in Western Europe. Broadcasting and format rights represented 43 percent of total revenues in the period.

President and CEO Nadav Palti commented, "Dori Media demonstrated its strongest ever growth in the first half 2006, increasing its revenue compared to the first half of last year to nearly US$10 million. Despite accelerating our international expansion, investing in new programming and employing more sales people, we were able to surpass all expectations and generate as much profit in the first six months of 2006 as we did for the entire year 2005. These achievements, and the recent launch of our ‘Televiva Vision 2' dedicated telenovela channel in Indonesia, demonstrate that the success of the telenovela TV genre is global and reflects our commitment to consolidate our leadership in the industry and create value for all our shareholders."


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