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IRELAND’S BIGGEST NEWSPAPER group has reported another drop in income as extra cash from digital ads failed to make up for the fall in its print trade.
Independent News and Media (INM) said its total revenue dropped 1% in the first four months of the year despite its advertising take rising slightly on improved market conditions.
The company also confirmed the offloading of its stake in Australian and New Zealand media group APN for €115.8 million, which it will use to pay of its debts.
Overall, its turnover from digital advertising was up over 45% for the period, which INM said offset the drop in its print ads – although it also suffered a fall in circulation revenues.
Circulation for the Sunday Independent, the best-selling Sunday title in the Republic, dropped 4.5% to 219,007 copies for the last six months of 2014 against figures for the same time in 2013.
The fall was slightly lower at just over 4% for the Independent, the country’s best-selling daily paper, which had a circulation of 112,502 copies for the second half of last year.
The company said it would continue to cut operating costs “with a particular focus on efficiencies” as it modernised into an “agile media organisation”.
Last year its total revenue fell slightly to €318.7 million, although operating profit was up 4% to €34 million when compared to 2013.
Cost cutting
Last financial year the company spent €9.3 million on redundancies as part of cost-cutting measures that were expected to mean one in eight staff were out the door.
“There has been strong growth in digital advertising revenue, with a continuation of the positive trajectory reported in the 2014 full year results, validating the unique audience reach INM offers advertisers,” the company said.
Overall, group revenues have been adversely impacted by the continued declines in circulation revenues. However, these declines have been offset by continued cost savings which have mitigated the impact on (earnings).”
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Another tool for the narcissist generation
Just because you can’t afford one?
I’d say you’re they type to wear sunglasses inside Aidan
Sunglasses indoors, par for the course.
Aidan = D4 Muppet
The app is free, I reckon Stephen could splash out on a free app and as he just posted comments to another smart phone app I am also thinking there is a chance he owns a smart phone.
Indeed Love Guinness……but then, Stephens smart phone is most likely smarter than Stephen.
Cost more Al Cal
scope me later ya.
You loo like a desperate tool Kelly
Apple are to release there version soon called endoscope…. Although it will likely be a pain in the ads to use
They should release endascope too so everyone can see through the eyes of a winner!
Eyes of a donkey :-D
“They should release endascope too so everyone can see through the eyes of a winner!”
So…..that’s not a tan you’re sporting.
You are by far the most irritating shinnerbot on TheJournal Aidan, congrats.
They do have one its call an Endoscopy, that when they’ll look in your ass Aidan and to see where your intellect has gone
You can see the difference at contrastthemeerkat.com
Skype?
Tell them to watch The Hunt for Red October.. that should give ‘em a good intro for periscope.
Crazy Ivan? Or maybe that’s Crimson Tide.
Source: David Guetta
Ah it’s just the obvious progression for the huge proportion of the online populace that think because they can, they should.
Most have nothing interesting to say anyway, this is like porn for them.
Funny enough, I didn’t hear anybody talking about it.
Up Periscope !
It’s a perfectly designed instantly accessible broadcasting device with massive potential. We’ll be using it with our students. If you’re already with twitter it’s seamless. Is miles ahead if competitors like meerkat etc. Try it! http://www.connemaramathsacademy.com
Should have said ‘app’ instead of device.
To what end will this prove useful though?
Have a read of this article, will answer that question http://www.theverge.com/2015/3/26/8296537/explosion-east-village-periscope-live
have your say