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Independent Media Group Reports Ads Rise

News, 27 December 2006

DUBLIN: Newspaper publisher Independent News & Media says rises in advertising revenues and circulations will help it meet its expectations for the year.

The Ireland-headquartered company, which owns titles in South Africa, Australasia and The Independent in the UK, says underlying group circulation revenues were up 5% this year and ad revenues rose by 4%.

It estimates operating margins on its newspaper titles will be 20% this year and underlying earnings are expected to grow by 10%.

The company says online ad revenues from its websites, including and classified advertising site, continue to grow at double-digit rates.

Chairman Sir Anthony Reilly commented: "The group is extremely well positioned for continuing strong growth for the future."

Data sourced from Financial Times online; additional content by WARC staff