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Dublin: 12 °C Thursday 9 April, 2020

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From TheJournal.ie Irish Daily Star owner says he will 'close down joint venture' Northern And Shell

Irish Daily Star owner says he will 'close down joint venture'

Independent News & Media was also unaware of the publication decision, calling it “regrettable and in poor taste”.

From TheJournal.ie Evening Herald editor takes over helm at Irish Independent INM

Evening Herald editor takes over helm at Irish Independent

Stephen Rae takes over as Gerry O’Regan retires after seven years in charge.

From TheJournal.ie Independent News and Media report fall in revenue and profit Results

Independent News and Media report fall in revenue and profit

Publisher of the Irish Independent and Evening Herald reports a 10 per cent fall in ad revenue for H1.

From TheJournal.ie Leslie Buckley appointed chairman of INM INM

Leslie Buckley appointed chairman of INM

Independent News and Media confirmed the election of Buckley as chairman and three others as company directors at today’s EGM.

From TheJournal.ie The Evening Fix: Monday Need To Know This post contains videos

The Evening Fix: Monday

Things we learned, loved and shared today.

From TheJournal.ie Another pension scheme may bite the dust: Why is it happening? Pension Scheme

Another pension scheme may bite the dust: Why is it happening?

Independent News and Media may close pension scheme as AIB says it will.

From TheJournal.ie Independent News & Media chairman and finance chief voted off board INM

Independent News & Media chairman and finance chief voted off board

Today’s annual general meeting also saw director Paul Connolly survive a move to remove him from the board.

From TheJournal.ie Tense scenes expected at Independent News & Media AGM today Media

Tense scenes expected at Independent News & Media AGM today

The company has asked shareholders to remove a representative of Denis O’Brien from his position as director.

From TheJournal.ie Denis O'Brien criticises Sindo for "one of the most biased campaigns ever waged" Media Wars

Denis O'Brien criticises Sindo for "one of the most biased campaigns ever waged"

O’Brien’s spokesman highlighted a recent edition of the paper which he said contained 15 articles designed solely to discredit the billionaire businessman.

From TheJournal.ie The 9 at 9: Friday 9 At 9

The 9 at 9: Friday

We hope you’re looking forward to the Bank Holiday weekend. But first, here’s nine things you should know by 9am today.

From TheJournal.ie The 5 at 5: Thursday Take 5

The 5 at 5: Thursday

5 minutes, 5 stories, 5 o’clock…

From TheJournal.ie Investor buys 5 per cent of Independent News & Media in one single trade Power Struggle

Investor buys 5 per cent of Independent News & Media in one single trade

A single trade worth almost €10 million – totaling some 27.7 million shares – went through on the stroke of noon.

From TheJournal.ie Column: 'The press is becoming the battleground for thought control' Opinion

Column: 'The press is becoming the battleground for thought control'

Nobody is investing in newspapers for profit any more, writes Michael McDowell. Instead, it’s driven by political and editorial control and influence.

From TheJournal.ie Fornication and feeling great: The week in quotes Said And Done This post contains images

Fornication and feeling great: The week in quotes

“Hurrah for fornication”.

From TheJournal.ie The Daily Fix: Friday Daily Fix

The Daily Fix: Friday

All the biggest news stories from the day, as well as the few bits and pieces you might not have seen.

From TheJournal.ie AUDIO: What did Gavin O'Reilly do with his first day post-INM resignation? INM

AUDIO: What did Gavin O'Reilly do with his first day post-INM resignation?

Family visits and a holiday are in the offing… However, INM re-releases its statement today to remove the word ‘unanimous’ from the directors’ decision on the deal O’Reilly received on departure.

From TheJournal.ie The Daily Fix: Thursday Daily Fix

The Daily Fix: Thursday

All the biggest news stories from the day, as well as the few bits and pieces you might not have seen.

From TheJournal.ie Gavin O'Reilly steps down as CEO of INM INM

Gavin O'Reilly steps down as CEO of INM

Vincent Crowley, current Group Chief Operating Officer, appointed in his place.

From TheJournal.ie George Hook: I'll quit if Denis O'Brien is convicted of malfeasance VINB

George Hook: I'll quit if Denis O'Brien is convicted of malfeasance

Hook on tribunals, media ownership and Rupert Murdoch…

From TheJournal.ie Shatter likens questions over Lowry meetings to 1950s McCarthyism Media

Shatter likens questions over Lowry meetings to 1950s McCarthyism

While statement alleges Independent News and Media “agenda”, Minister makes remarks on media pursuit of questions over Lowry meetings.

From TheJournal.ie Alan Shatter statement: I am not participating in INM agenda Alan Shatter

Alan Shatter statement: I am not participating in INM agenda

Full statement released by Justice Minister says there is an “unethical media project” to “condemn” or imply “guilt by association” with Michael Lowry – and that it has echoes of McCarthyism in the 1950s.

From TheJournal.ie Anne Harris named new editor of Sunday Independent Appointments

Anne Harris named new editor of Sunday Independent

The paper’s former Deputy Editor succeeds her late husband Aengus Fanning at the helm of Ireland’s biggest-selling newspaper.

From TheJournal.ie Tributes paid on death of Sunday Independent editor Aengus Fanning Media

Tributes paid on death of Sunday Independent editor Aengus Fanning

The long-time editor of the Sunday Independent, who had been battling cancer, died this morning.

From TheJournal.ie Denis O'Brien hits back at 'malicious' allegations over his editorial influence Denis O'Brien

Denis O'Brien hits back at 'malicious' allegations over his editorial influence

In a broadside attack published today in the Irish Times, the media tycoon attacked Eamon Dunphy and much of the Irish media for its coverage of him.

From TheJournal.ie INM's Gavin O'Reilly "doesn't understand digital" - Denis O'Brien Media

INM's Gavin O'Reilly "doesn't understand digital" - Denis O'Brien

Digicell chief and INM’s biggest shareholder Denis O’Brien takes a swipe at Gavin O’Reilly during recent interview in New York.

From TheJournal.ie Irish Daily Star records €4.3m operating profit Media

Irish Daily Star records €4.3m operating profit

Company cut costs in 2010 by eliminating its Sunday title.

From TheJournal.ie Gardaí investigating 'spying' of INM chief executive INM

Gardaí investigating 'spying' of INM chief executive

INM chief executive Gavin O’Reilly was being trailed by a British security firm, according to a Sunday Times report.

From TheJournal.ie The 9 at 9: Sunday 9 At 9

The 9 at 9: Sunday

Nine things you need to know by 9am: Aer Lingus strikes could save Ireland from E.coli, even more payouts for Ivor Callely, and no more baggy trousers in Texas…

INDEPENDENT NEWS AND MEDIA has reported a return to profits for the first half of this year.

The group announced pre-tax profits of €63m from January to the end of June, up 39% compared to the same period of last year.

INM said it remains cautiously optimistic going into the second half of this year.

INM said that advertising revenues improved at different speeds in different countries, with particularly good figures in Australia. Their balance sheets were clearly boosted by the sales of the UK’s Independent and Independent on Sunday.

The shareholders had been reluctant to sell the titles, but Denis O’Brien convinced them that it was essential to the group’s growth.

O’Brien increased his stake in INM to 20%, cementing his position as the single largest shareholder.

Vincent Crowley, INM’s chief operating officer told RTÉ radio this morning that “the sale of the London Independent titles has been a good move for us.”

He said that advertising in Ireland is seeing less of a drop as the year progresses:

We’re seeing some turn, if you like, but I think it’s fair to say advertising is still down and it’s still tough, but not as tough as it was.

Speaking of the drop in sales at the Irish Independent of 3.3% between Jan and June, Crowley said it had been a “relatively modest circulation drop” in comparison with their competitors. The paper lost more readers than the Irish Times, but retains a larger readership.