Friday September 25, 2020

Independent News says ad revenue down 6.4%

UPDATE: Independent News & Media lowers its earnings forecast as it cites erratic trading conditions heavily influenced by macro-economic uncertainty.

18th November, 2011

Independent News & Media said that its trading conditions since August have remained erratic and heavily influenced by macro-economic uncertainty.

It has revised downward its full year earnings expectations to a range of €74 million to €78 million, down from €78 million to €83 million.

However it said all market-leading publications remained profitable and cash-generative.

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