Independent News & Media Share Discussion Threads

[rachmanninov] 13/3/2015 09:11

Charlie, I find it interesting about that the brokers
in Dublin are now changing their attitude and re-rating INM.
I don't know who the analysts are that cover the share price abroad.
Do You?

[charlie11909] 13/3/2015 09:02

Goodbody Morning Wrap

13 Mar. 15
Independent News & Media
Strong numbers from INM.

[charlie11909] 13/3/2015 09:00

Independent News & Media’s results for FY 2014 were strong as revenues, operating profit and earnings per share beat both analysts' estimates.

[charlie11909] 13/3/2015 08:41

hxxp://www.rte.ie/news/business/2015/0313/686764-inm-results-advertising/



hxxp://www.independent.ie/business/irish/independent-news-media-operating-profits-jump-4pc-31063198.html

[rachmanninov] 13/3/2015 08:27

I have done a little research into your profile here LBO,
and it seems that the only occasions when you have something
intelligent to say are when you have something negative to post.
either directly or by innuendo...you seek to damage company sentiment
on these boards. You rarely say anything about companies worthy of positive
comment because they are usually already commented on by the industry leaving
you with nothing original to say.
You certainly got on the wrong side of some companies,
and you don't like Denis O'Brien and you appear to have lost your shirt
in Siteserv.

I hate it when people who invest in shares, set themselves up here
as investement advisers and tipsters.
When they want a share to rise they ramp like blazes and spam their shyt
all over the boards....when they have sold out the de-ramp looking
to buy back in cheaper than everyone else.

[rachmanninov] 11/3/2015 07:40

Independent News and Media has agreed a partnership with IrishJobs.ie which will see the two companies combine their web recruitment pages.

[charlie11909] 05/3/2015 17:50

What do you fancy Rach?
For the Gold Cup I mean?

[rachmanninov] 05/3/2015 01:03

Results on Friday wee...13th
Just in time for The Gold Cup

[charlie11909] 19/2/2015 12:30

INDEPENDENT News and Media continued to dominate the Irish newspaper market in the second half of 2014, posting strong sales across the board yet again.

hxxp://www.independent.ie/business/media/inm-continues-to-dominate-irish-newspaper-market-new-abc-figures-31005334.html

[rachmanninov] 17/2/2015 09:44

Independent News & Media
Irish Times to introduce digital subscriptions next week
February 17 2015 | John Stokes CFA | Morning briefing | 1 page(s) | Read Important Disclosures

INM’s main peer in the Irish broadsheet market, the Irish Times, has announced details of its plans to introduce digital subscriptions to its irishtimes.com website, commencing next week. There will be two main packages: a Standard Digital package costing €12 per month and a Premium Digital package costing €16 per month. It will be very interesting to monitor progress by the Irish Times with its subscription service, but in the short term we would expect that traffic to INM’s independent.ie website may increase as a result of the move.

[rachmanninov] 12/2/2015 13:53

Australia based media group APN News & Media has reported a 27pc hike in net profits in full year results for 2014.
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The company, which is part owned by Ireland’s Independent News & Media (INM), said the boost was driven by increased sales at its radio and outdoor advertising units in particular. That offset declines in the group’s print media unit.

APN News & Media said it was holding off on a stock market flotation of its New Zealand business for at least a year.

In 2014, APN News & Media took full control of its Australian radio businesses from US-based Clear Channel and launching a capital raising of A$132m (€87m) to finance the acquisition.

INM owns 18.6pc of APN, after reducing its stake last year.

APN reported net profit before exceptional items of A$75.2m for the 12 months to the end of December 31, up from A$59.3m a year earlier.

Earnings before interest, taxes, depreciation, and amortisation rose 1pc to A$164.1m, and revenue was up 3pc to A$843.2m.

The company said it has had a positive start to 2015, with New Zealand revenue ahead of last year.

"During 2014, our focus was on delivering enhanced earnings through investing in our growth assets of radio and outdoor, identifying synergies, generating cash flow and managing costs across all APN businesses," chief executive Michael Miller said.

"The full acquisition of ARN, TRN and our Hong Kong Outdoor businesses, as well as our acquisition of 96FM, reflect our confidence in outdoor and radio as growth media."

Shares in APN News and Media were up 2.78pc to 92.5 Australian cents overnight, following the results.

Online Editors

[rachmanninov] 12/2/2015 13:47

Australia based media group APN News & Media has reported a 27pc hike in net profits in full year results for 2014.
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The company, which is part owned by Ireland’s Independent News & Media (INM), said the boost was driven by increased sales at its radio and outdoor advertising units in particular. That offset declines in the group’s print media unit.

APN News & Media said it was holding off on a stock market flotation of its New Zealand business for at least a year.

In 2014, APN News & Media took full control of its Australian radio businesses from US-based Clear Channel and launching a capital raising of A$132m (€87m) to finance the acquisition.

INM owns 18.6pc of APN, after reducing its stake last year.

APN reported net profit before exceptional items of A$75.2m for the 12 months to the end of December 31, up from A$59.3m a year earlier.

Earnings before interest, taxes, depreciation, and amortisation rose 1pc to A$164.1m, and revenue was up 3pc to A$843.2m.

The company said it has had a positive start to 2015, with New Zealand revenue ahead of last year.

"During 2014, our focus was on delivering enhanced earnings through investing in our growth assets of radio and outdoor, identifying synergies, generating cash flow and managing costs across all APN businesses," chief executive Michael Miller said.

"The full acquisition of ARN, TRN and our Hong Kong Outdoor businesses, as well as our acquisition of 96FM, reflect our confidence in outdoor and radio as growth media."

Shares in APN News and Media were up 2.78pc to 92.5 Australian cents overnight, following the results.

Online Editors

[rachmanninov] 09/2/2015 12:06

APN stake looks to be worth around 120m euros now?

Anyone know what the exact net borrowings figure for INM is?

[caveat_emptor] 06/2/2015 15:33

Is all this buffet interest a prelude to a bid
for something in Ireland?

[charlie11909] 06/2/2015 15:31

Business Media

Friday 6 February 2015

Business Newsletter
Warren Buffett's media chief: Print newspapers have strong future if industry adapts
Gavin McLoughlin

Published 06/02/2015 | 02:30

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Terry Kroeger, President and CEO, Berkshire Hathaway Media, holding hurley, with (l-r) Enda Buckley, Local Ireland; Sean Mahon, President Local Ireland and Managing Director Southern Star; Eoghan O Neachtain, Eriva; Frank Mulrennan, CEO Media Group; Michael Ryan, Managing Director, INM Regionals; and Johnny O’Hanlon, Local Ireland, in Croke Park yesterday
Terry Kroeger, President and CEO, Berkshire Hathaway Media, holding hurley, with (l-r) Enda Buckley, Local Ireland; Sean Mahon, President Local Ireland and Managing Director Southern Star; Eoghan O Neachtain, Eriva; Frank Mulrennan, CEO Media Group; Michael Ryan, Managing Director, INM Regionals; and Johnny O’Hanlon, Local Ireland, in Croke Park yesterday

The head of one of the largest US newspaper groups "doesn't buy" the idea that print newspapers will be dead within years.
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Journalists should prioritise their customers' desires rather than a particular platform, Terry Kroeger, president and chief executive of BH Media - a subsidiary of Warren Buffett's Berkshire Hathaway group - told a symposium on the future of local newspapers in Croke Park yesterday.

Berkshire Hathaway has continued to expand its investment in newspapers despite continuing negativity about print journalism's future in the digital age. "The mistake that the consultants and prognosticators make is that they argue whether it's digital first or newspaper first. It's neither. The truth is the model that's most likely to work is customer first," Mr Kroeger said.

"Some of our customers prefer print, some web browsers on a PC, some iPads, some smartphones. We need to embrace all of those channels so that our customers can consumer our products in whatever format they prefer. "We need to excel at all of those channels. We need to embrace these changes and be great at distributing our information in whatever formats emerge."

Mr Kroeger said that since 2008 the newspaper business has become far more difficult than 10, 20 or 30 years ago.

"Back in the day we fundamentally had monopoly businesses with few alternatives for advertisers looking to reach their audience...that changed forever and the news and advertising ends of our business have never been more competitive," he said.

"So why would Warren Buffett, arguably one of the smartest investors ever, make repeated investments in newspapers? The first reason is that most newspapers remain very profitable operations," Mr Kroeger added.

Mr Kroeger said the biggest reason for newspapers going bust has been too much debt, typically caused either by too-elaborate plant expansions or aggressive acquisitions where high prices and bad timing placed burdens on newspaper companies.

He said another reason that BH Media is investing in newspapers is that cover prices have become cheaper in the US in recent years.

Irish Independent

[rachmanninov] 06/2/2015 15:18

Well, it's not long since your expert opinion wrote them off
as a basket case.
But then you always paint the past as the future and claim
"you told 'em so".
What a fraud you are!!!

[lbo] 06/2/2015 14:54

The shares are trading on 8.8x FY14e EV/EBITDA, a premium to the 5 year average of 7.8x

[rachmanninov] 04/2/2015 15:33

The gloves are off it seems as today sees the relaunch
of BuyandSell.....
On the header page of the Indo....top of page.
hxxp://www.independent.ie/

or website itself

hxxps://www.buyandsell.ie/

[charlie11909] 02/2/2015 12:48

The new CEO has forecast a return to profits.....

[rachmanninov] 30/1/2015 12:12

Goodbody

Goodbody Morning Wrap

Independent News & Media
Further cost savings announced
The Irish Independent is reporting this morning that Robert Pitt, INM’s
new CEO, met with employees yesterday to announce cost cuts and a voluntary redundancy package (up to 30 jobs). The cost cutting measures appear to be around the editorial functions of the business as the group further integrates news teams across its titl
es. The changes are due to be completed by July. Robert Pitt highlighted that it was too early to say how much these measures would save.
While we do not know the full extent of the savings from these measures it shows
a continued focus on costs from the new management team In terms of our
forecasts, we only have a 20bps progression in operating margin built in to our
FY15 numbers and so any additional cost savings could see this increase.

[rachmanninov] 30/1/2015 12:11

The Irish Times reports that as part of ongoing efforts to reduce costs amid
declining print revenues, Independent News & Media (INM) is to centralise its editorial operations for both its print and digital products. The group will also seek up to 30 redundancies during the process
and it is understood that INM’s newspaper titles will retain their brand identities. Robert
Pitt, INM’s new CEO who joined from Tesco last year said he expected print circulation would further decline but in 10 years’ time some form of printed newspaper would
still exist. It is also understood that there are no plans as yet for INM to
begin sharing content with Communicorp, the radio group owned by INM’s largest shareholder, Denis O’Brien