Thursday February 27, 2020

INM warns of materially lower profits

Company’s total advertising revenue will be down by 7% this year

Ian Guider

Markets Editor

19th July, 2017
Pitt and Buckley

Independent News & Media (INM) has said profits this year will be materially lower than expected due to a fall in ad revenue, newspaper circulation, libel claims and the cost of the ongoing probe by the corporate watchdog.

The company said in a trading update today that its sees a “material reduction in its expectation for full year profit before tax to below market consensus driven by the challenges the media industry and INM continue...

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