INM sees total group revenues fall almost 3%

Total group revenues at Independent News & Media are down by nearly 3% in the year to date on an annualised basis.

In an interim management statement, covering the first 20 weeks of 2014, the publishing group said yesterday that it has seen total newspaper advertising revenues dip by 2.4%, year-on-year, but digital ad revenue increased by just under 18%. Total circulation revenue is down by 2.5%.

Saying that, however, management said that trading conditions, since the announcement of its 2013 annual results in March (when revenue declines of over 6% and flat pre-exceptional operating profits were noted), have improved “on the trends experienced up to that date”.