EM Sports reports dip in Q1 revenue


FRANKFURT, Germany -- Germany's EM Sports Media Group reported a weaker first quarter with sales revenue down 5.1% to 51.8 million euros ($80.8 million) compared with the same period of last year. The group reported net losses of 4.6 million euros ($7.18 million), down from a profit of 3.1 million euros the previous year. The result was affected by a valuation based on options.