Independent News & Media Share Discussion Threads

[lbo] 24/3/2010 09:21

Indo loses E31.4m after "poor" ad sales

[lbo] 15/3/2010 10:57

Johnston Press has written down the value of its 14 Irish regional newspaper titles by 77 per cent in just two years.

[lbo] 09/3/2010 10:21

More like outwards and outwards to appease the debtholders! Shareholders will be left with nothing.



The proceeds will be used to pay down its bank debt. According to analysts, INM's debt, excluding its APN associate in Australia, will be between €500 and €550 million after this transaction

[mcsean2164] 08/3/2010 13:22

Onwards and upwards!

[lbo] 07/3/2010 20:38

WITH less than two weeks to the start of the Cheltenham Festival, Victor Chandler, one of the world's biggest bookmakers, has warned that there are no "high rollers" left in Ireland.

"There's just no money in Ireland. It's destroyed.

[lbo] 03/3/2010 12:32

THE number of publicly quoted companies fully complying with the combined code on corporate governance has fallen nearly 20% in the last 12 months to 36%.

[lbo] 01/3/2010 22:05

Mcsean I think you will find that the INM part of the guarantee to Trinity will cost over £10m and they will still be paying out £2.1m a year for disused offices at Canary Wharf. Not so long ago the Board were telling shareholders that the Indy could break even by the end of 2010. No chance of it ever doing that now.

[mcsean2164] 01/3/2010 19:30

LBO,

I wouldn't worry yourself too much about that.

INM has streamlined itself and dumped the Indo, it's going to cost one year of owning the INDO to get rid of it, so this time next year it's no longer costing €10 million per annum.

In addition, the Indo becomes more attractive as it doesn't have to focus any attention on the Indo and this should help it focus on it's profitable operations and hopefully improve them.

Although given its absolutey abysmal record with the london Indo, i'm inclined to wonder.... hopefully by focusing on it's other titles is won't wreck them!

[lbo] 28/2/2010 21:08

Oh dear it seems INM is having to pay to get rid of it!

"Independent News & Media agreed to take part of the pain of a 10-year printing deal with rival publisher Trinity Mirror"



ALEXANDER LEBEDEV, the former KGB agent turned media mogul, will this week pay a token £1 to take control of The Independent - the same price as buying one copy of the paper from the newsstand. But he will pledge to invest millions in the loss-making title and the Independent on Sunday over five years.

The final hurdle to a sale is close to being overcome this weekend after Independent News & Media agreed to take part of the pain of a 10-year printing deal with rival publisher Trinity Mirror. Lebedev would commit only to five years and INM has now agreed to guarantee the rest.

[mcsean2164] 26/2/2010 14:06

Today's the big day, hopefully Lebedev is taking the London Indo off our hands, a pity in some regards as it's a good paper, a guess the biggest pity is that the Londoners aren't buying and the popularity of the star and the mail etc.

[mcsean2164] 25/2/2010 15:23

I'm not really following this but is it possible that some of the bondholders have started selling. Breakeven is 5 cent for the bondholders.

[mcsean2164] 25/2/2010 15:21

As for APN as with all press it's had a tough year but Q4 was improving and Brenner says

"APN chief executive Brendan Hopkins said the results were in line with the expectations for the year and there were some indications in the final quarter that the business was returning to patterns witnessed before the global financial crisis."

[lbo] 24/2/2010 08:33

APN sees net profits fall 34%

[lbo] 22/2/2010 21:36

Revenue at Independent newspapers has collapsed and owners INM are saddled with huge costs. It won't be long before Alexander Lebedev secures the national titles for a song

[lbo] 19/2/2010 16:11

Fall in circulation for all of Republic's daily newspapers



NEWSPAPER SALES in Ireland fell in the second half of last year, with all Irish-published daily titles and most Sunday newspapers recording lower circulations.

[lbo] 18/2/2010 21:26

The Moriarty Tribunal will reveal its findings in March, the Dail heard yesterday.

Taoiseach Brian Cowen previously revealed the report into the issuing of a mobile phone licence to Denis O'Brien's Esat Digifone would be published mid-Februar

[lbo] 18/2/2010 21:19

The media in this country is controlled by those who want workers to make sacrifices for a crisis they did not cause. The Independent Group of Newspapers is owned by Tony O Reilly and Denis O Brian – two tax fugitives who claim to live outside Ireland to avoid tax. RTE has become a mouthpiece of government propaganda and that is why they have the same old economists on the airwaves to browbeat worker




The Russian media mogul, who bought the Standard for a pound last year, has supposedly told owners he will not buy unless redundancy terms are reduced.

Stephen Brook on Media Guardian reported that "generous redundancy terms" would need to be cut from four weeks per year of service to two weeks in order for Lebedev to agree to buy the titles.

Hacks are said to be "spitting blood" as they struggle to keep the paper alive in the face of a dwindling circulation and a protracted sale.

The period of exclusive negotiations between IN&M and Lebedev expires on 26 February - which was given a weeks extension.

[keelingr] 17/2/2010 09:50

Main Irish daily papers win more readers

[mcsean2164] 11/2/2010 12:07

This is worse than watching paint dry....

[keelingr] 10/2/2010 09:23

IN&M - Daily Mail report Q1 trading ahead of expectations, outlook cautious
• Daily Mail released its IMS this morning and reported a 15% decline in revenue to £482m.
(8% decline on an underlying basis).Revenues declined 7% in the B2B operation, 11% for
advertising revenue, 10% in classified and rose 6% for digital.
• January has shown a marked improvement with advertising revenue increasing y-o-y.
Trading in the first quarter was ahead of its expectations. However, the group remains
cautious about its outlook for the remainder of the year.

[lbo] 07/2/2010 21:46

BANKS seeking to recover debts have begun gathering customer information, with the number of judgement and land registry searches and collation of so-called 'soft information' now running at unprecedented levels.

Clients of the country's banks and building societies are coming in for ever-increasing levels of scrutiny.