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INDEPENDENT NEWS & MEDIA said today that total group revenues have declined by 2.8 per cent – but digital advertising revenue is up so far this year.
The interim management statement covers the period from 1 January 2014 to 16 May 2014.
It showed that:
The group said that trading conditions have improved since March 2013.
Total newspaper advertising revenues are down by 2.4 per cent year to date, compared to a decline of 2.8 per cent at 13 March 2014.
“A number of newspaper advertising categories have shown strong year to date growth, with recruitment, property and inserts showing the largest year-on-year revenue increases,” said INM.
The reduction in newspaper advertising revenue this year is primarily related to the performance of its Northern Irish operations, with the Republic of Ireland newspaper business showing a decline of 1.0 per cent.
Digital
Meanwhile, digital revenues are up 17.8 per cent year to date, compared to an increase of 14.6 per cent as at 13 March 2014.
The group said that the impact on profitability has been “largely mitigated by continued cost reductions” across the business.
Group CEO Vincent Crowley is resigning from the Board, effective today.
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Looking forward to the annual quick dip in Lough Owel Mullingar tomorrow. In and out followed by a nip if whiskey and home for the turkey dinner what more could you ask for? Compliments if the holiday to all of the combatant Journo commenters (is that a word?), I don’t always agree with your point of view but can’t help checking them out.
Don’t make any necessary journeys.
Don’t wear a swimsuit you pussies
That should be wet suit
Swimsuit is funnier
I’m swimming in Courtown Hrb on Christmas Day. My first time and I’m in my 60′s I’d hardly swim in the sea in July unless it was in Spain or somewhere. But it’s a dare and it’s for Hope Cancer Support Services https://www.gofundme.com/xmasswimwebb16hopecancersupport
We’re having a swim in the Liffey who’s up for it()
dont go swimming in the sea
I’ll be swimming in Woodstown beach tomorrow. Looking forward to the ritual.
Dont do it.simple as.
Some do it for charity
have your say