Chrysalis admits 'it's worse than we thought'

Media firm faces the prospect of losing the one site it tried to save...

Having slashed its new media spending and concentrated all its online efforts on sports portal rivals.net, Chrysalis has now announced that even its flagship sports site may have to be closed. Chrysalis is looking for a strategic partner for the service and fears unless it finds one soon the site will go the way of Citipages, internet radio station Puremix and music site Darkerthanblue.com - all of which Chrysalis abandoned last week as it cut £10m of new media investment.