INM warns of materially lower profits
Company’s total advertising revenue will be down by 7% this year
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 ...