Digital revenue helps INM profits rise

An increase in digital revenue and cost-cutting measures helped Independent News and Media offset falling print circulation last year, its latest set of preliminary results show.

INM — publisher of the Irish Independent and Sunday Independent — saw revenue to the end of December last fall to €318.7m, from €322.4m the previous year.

Operating profits rose 4% to €34m, however, as increased revenue from online advertising helped the group overcome falling print circulation (-2% year-on-year) across some of its titles.