Independent News Media Expects 5 % Rise in Ad Sales

Independent News & Media has said it expects total revenue to grow by 3% in the first half of this year compared with the same period a year earlier.

In a trading statement ahead of its interim results in September, the group signalled that advertising revenue would be up 5%, with circulation revenue rising by 2%.
INM said a good performance from all regions meant newspaper advertising revenue would be up 6%.
It said the benefits of previous cost-cutting measures and new technology meant it had managed to contain the effects of a 5% rise in newsprint prices. The group has previously double-digit percentage growth in earnings.
INM publishes the Independent titles in Ireland and Britain, and also has newspaper interests in Australia, New Zealand, South Africa and India.
Earlier, Indian newspaper publisher Jagran Prakashan Limited reported that net profits in the year to the end of March more than doubled to €13.1m, as sales grew by 28% to €107.4m.
JPL publishes Dainik Jagran, India’s most widely read daily newspaper. Independent News & Media owns more than 20% of the company.
Shares in INM closed up four cent at €3.75 in Dublin.

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