INM wrote down value of Belfast Telegraph by €86m

Independent News & Media (INM) wrote down the value of the Belfast Telegraph by €86.2 million last year, bringing the carrying value of the title down to €58.3 million.

5th May, 2012
The Belfast Telegraph: circulation down by 66,000 since it was acquired in 2001.

Independent News & Media (INM) wrote down the value of the Belfast Telegraph by €86.2 million last year, bringing the carrying value of the title down to €58.3 million. The group bought the newspaper in 2001 for around €400 million.

According to INM's newly-published annual report, it wrote down the value of the Belfast Telegraph by €39.6 million in 2010. Included with the value of the newspaper is a small acquisition made by the company in...

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