Advertising revenue at Independent News & Media (INM) – publisher of the Independent newspaper in the UK – fell by 6.8% during the first half of the year, whilst circulation revenues grew by 2.1% on 0.5% rise in volume market share.
INM says that its UK operations outperformed the majority of its competitors, thanks to a strong contribution from the Northern Ireland division, which has been largely immune to the soft advertising conditions.
At 10:30am today shares in Independent News & Media were unchanged at 90½p.