INM’s revenue down by 5% year to date

REVENUES at Independent News & Media (INM) have fallen over 5% since the turn of the year, on a constant currency basis.

The owner of the Irish Independent also said, in its latest trading update, that total group advertising revenue fell by 7.9% year-on-year and total circulation revenue was 1.5% lower than the corresponding period in 2010.

INM said group performance in April alone was impacted by “an unusually high number and confluence of public holidays”, with normal business patterns particularly disrupted around the Easter holiday period.