INM to finalise deal with Lebedev
Meanwhile, yesterday, on what was a busy day for the Dublin-headquartered media giant, which also included the publication of its annual results, INM said it is anticipating an improvement in operating profit this year and a medium-term return to paying a dividend to shareholders, as advertising revenue outside of Ireland shows signs of improvement.
Excluding exceptional items, the group, which owns the Irish Independent and a host of international assets, reported a pre-tax profit of €114.4 million for the year, down from €211.7m in 2008.
