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Change Today -0.002 / -1.52%
Volume 7.2M
As of 12:10 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

independent news & media plc (INM) Snapshot

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independent news & media plc (INM) Details

Independent News & Media PLC is engaged in printing, publishing, and distribution of national and regional newspapers primarily in the Island of Ireland. The company publishes various newspapers under The Sunshine Coast Daily, The Queensland Times, The New Zealand Herald, the Herald on Sunday, the Sunday Independent, the Belfast Telegraph, Sunday Life, Metro herald, Irish Independent, and Sunday World names. It also operates online news portals consisting of,, and; online property sites comprising and; recruitment portals, including and; GrabOne, a daily deals ecommerce site; and, a car portal site, as well as online coupon deals Websites. In addition, the company is involved in radio broadcasting operations, which comprise the Australian Radio Network and The Radio Network. Further, it is involved in outdoor advertising and contract printing businesses; the publishing and distribution of magazines; the provision of management services; and operation of third level college. The company also has operations in Australia, New Zealand, and the South East Asia. Independent News & Media PLC was founded in 1904 and is based in Dublin, Ireland.

Founded in 1904

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independent news & media plc (INM) Key Developments

Independent News & Media plc to Report First Half, 2014 Results on Aug 28, 2014

Independent News & Media plc announced that they will report first half, 2014 results on Aug 28, 2014

Independent News & Media to Appoint Robert Pitt as Chief Executive Officer

Robert Pitt is to be appointed as group chief executive officer of Independent News & Media. He most recently held senior management roles in the retail sector in Eastern Europe. He will take up his role in Autumn 2014. From May 2012 he has been chief operations officer of Tesco Czech Republic, prior to which he held the positions of managing director, Tesco Franchise Stores in the Czech Republic; and operations director, Hypermarkets Tesco, Czech Republic and Slovakia. He takes over from Vincent Crowley, who stepped down as the company's CEO in May 2014.

Independent News & Media plc Announces Interim Management Statement for the Period from January 1, 2014 to May 16, 2014

Independent News & Media plc announced interim management statement for the January 1, 2014 to May 16, 2014. For the period, the company reported total group revenues declined by 2.8%, total newspaper advertising revenues declined by 2.4%, total digital advertising revenues increased by 17.8%, total circulation revenues declined by 2.5%, and operating Costs reduced by 2.8%, despite a substantial investment in digital activities, in line with the Group's digital strategy. Trading conditions, since the announcement of the Group's 2013 full year results on 13 March 2014, have improved on the trends experienced up to that date. Total newspaper advertising revenues are down by 2.4% year to date compared to a decline of 2.8% at 13 March 2014. A number of newspaper advertising categories have shown strong year to date growth, with recruitment, property and inserts showing the year-on-year revenue increases. The reduction in newspaper advertising revenue year to date is primarily related to the performance of its Northern Irish operations, with the Republic of Ireland newspaper business showing a year to date decline of 1.0%. Digital revenues are up 17.8% year to date, compared to an increase of 14.6% as at 13 March 2014. This performance is principally due to strong growth in the company digital publishing operations, together with the company NI classifieds business, with GrabOne showing marginal year to date growth.


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