WAN-IFRA

Shaping the Future of the Newspaper

Date

Sat - 25.10.2014


Independent News & Media

Gavin O’Reilly has resigned from his position as group CEO of Independent News & Media, it was widely reported today. According to the Guardian, he has had a long-running dispute with the company’s biggest shareholder, Denis O’Brien, who has a 22% stake in the company, compared to the O’Reilly family’s 13%.

“After 19 eventful years with the company, it is time for me to pursue new opportunities. It had become clear that recent and public shareholder tensions were proving an unnecessary distraction for both me and the company and this was not in the best interests of the company," O'Reilly is quoted in the Irish Independent as saying.

Sir Anthony O’Reilly, Gavin’s father, acquired the Irish Independent in 1973 and as CCO he built up an international newspaper group with papers in the UK, South Africa, Australia and New Zealand.

Gavin O’Reilly took over as CEO in May 2009, as part of a deal with O’Brien to change the company’s strategy. INM’s London-based papers, the Independent and Independent on Sunday, both loss-making, were sold to Alexander Lebedev in early 2010 to reduce the company’s massive debt.

O’Reilly will be replace by Vincent Crowley, chief operations officer of the group.

Author

Emma Goodman's picture

Emma Goodman

Date

2012-04-20 17:11

The Independent's new daily i is to launch its paid iPad application on Friday, the Guardian reported. The intention, Zach Leonard, managing director for digital at the Independent and the Evening Standard, told the Guardian, is for i to be "media neutral" and the publisher is looking at other digital outlets.

The app will be available for £1.79 for 10 issues of the paper, which amounts to a discount of around 10% on the 20p price of the print product. Twenty copies will be offered for £2.99, a discount of about 25%. The price was intended to be as close to the 20p price as possible, Leonard told the Guardian.

For more on this story, visit our sister publication, editorsweblog.org.

Author

Leah McBride Mensching

Date

2010-11-18 16:59

The Independent's website saw the biggest month-on-month increase in daily visitors among all national newspaper websites in the United Kingdom last month, MediaGuardian reported today. Average daily users were up 12.9 percent from August to September, reaching 553,593, according to data from the Audit Bureau of Circulations.

The Mail Online continued to be the UK's most visited newspaper website, with an average of 2,670,371 daily visitors in September, a rise of 4.6 percent month-on-month. The Guardian's Web traffic was up 5 percent, to 2,038,493. Earlier this week audience research firm Nielsen estimated that an average of 362,000 UK Web users went behind the Times and Sunday Times paywalls between July and September.

Author

Leah McBride Mensching

Date

2010-10-28 22:40

As The Independent launched i yesterday, free daily Metro has upped its efforts, as some may view the new paper "as a sort of upmarket Metro," MediaGuardian's Roy Greenslade noted today.

On Friday, Metro published its largest issue ever, at 96 pages in London and 80 pages in outlying regions. Metro, published by Associated Newspapers Ltd., reaches about 1.4 million people on an average weekday, while i, at 56 pages, is a sort of condensed version of the Independent, targets younger readers, and costs 20p. According to Press Gazette, executives at the Independent are hoping for a circulation of about 200,000 for i.

One of Metro's business advantages is that it has a tight hold on national advertising. And, executives at Metro say they "do not believe that people will choose to pay 20p for their rapid morning read when they can get Metro for free," Greenslade wrote. "The Independent's bosses, however, argue that there is a difference between regular Metro readers and the audience they expect to read i. That may be so, but it is clear that the description of i's potential market - time-poor, cash-rich, youngish and urban - is very similar indeed to Metro's current readers."

Author

Leah McBride Mensching

Date

2010-10-28 01:48

The Independent's new daily i launches today. Billed as the first quality daily to launch in Britain in 25 years, it aims to provide a full news service "in a way that is fully accessible," Independent deputy editor Adam Leigh told the Editors Weblog. It is not a new paper in terms of content, rather will almost entirely consist of repurposed and repackaged Independent content, presented in a new and more concise format. Media commentator for the Guardian Roy Greenslade described it as it as "quite simply, a populist alter ego to the Independent."

"Daily briefing is a phrase that we've used a lot while we've been developing it," said Leigh, who will be specifically involved with i, while the Independent's other deputy editor Dan Gledhill focuses on the main edition of the Independent. However, he stressed, it is more than that; it is "a newspaper first and foremost and it will cover a range of different content for a range of moments throughout the day." Many of the news stories near the front of the paper will only be one paragraph long, but throughout the 56-page paper there will also be longer pieces, or "places to pause," as Leigh put it.

For more on this story, visit our sister publication, editorsweblog.org.

Author

Leah McBride Mensching

Date

2010-10-26 16:58

Independent News and Media's newspapers have returned to pre-tax profits after selling loss-making titles, The Irish Times reported today. Revenues for the first half of the year reached €656.5 million, up 7.8 percent, as operating profit increased 29.2 percent, to €94.6 million. Earnings before taxes, amortisation and depreciation were up 26.1 percent, to €115.6 million.

The Ireland-based INM sold its UK Independent and Independent on Sunday titles in April, and also sold its remaining share in India-based Jagran Prakashan Limited media group, lowering its net debt by €360.1 million in the period from June 2009 to June 2010. INM reported pre-tax losses of €31 million for the year of 2009, according to MediaGuardian.

Pre-tax profits were at €53.3 million, up more than 39 percent compared to a year prior, RTE.ie reported. Advertising is picking up gradually, and the group expects healthy profit growths for the full year, INM COO Vincent Crowley told RTE.

Author

Leah McBride Mensching

Date

2010-08-27 17:55

Independent News and Media is withdrawing from India's newspaper market after selling its remaining 5.7 percent stake in Jagran Prakashan Limited, owner of the Dainik Jagran daily, for €32m (£26.5m), Media Week reported yesterday.

The Ireland-based publisher, which bought 26 percent of the shares in 2005 for €28.5 million, will use the money to pay off its bank loans, The Irish Times informed. The company started selling its stake a year ago and, overall, has received €96m (£79.6m).

"While we have been crystal clear that our immediate and continuing priorities are on reducing bank debt... and focusing on growing our market-leading brands in our core markets, it is fitting to recognize that our five year investment in JPL has been a highly profitable one for INM," Chief Executive Gavin O'Reilly said, the Press Gazette quoted. (Note: O'Reilly is also President of WAN-IFRA, of which this blog is part).

He also noted that Independent News and Media was the first "international media group to invest in the burgeoning Indian newspaper market in 2005," according to The Guardian.

Author

Clara Mart

Date

2010-08-05 23:00

Irish telecoms billionaire Denis O'Brien is having a busy month.

On Friday, he spent €19.4 million to increase his stake in Independent News & Media, and is now the Dublin-based media group's largest shareholder, The Australian reported today. Often labeled a "troublesome" shareholder, O'Brien now holds an 18.7 percent stake, overtaking Sir Anthony O'Reilly, whose family has a 14.7 percent share. O'Brien is also suing the Daily Mail for libel, arguing he was defamed by a January article, The Sunday Times reported yesterday.

Photo: TimesOnline.co.uk
O'Brian filed High Court defamation proceedings April 9, claiming an article, titled "Moriarty's about to report. No wonder O'Brien's acting the saint in stricken Haiti," questioned his charitable work in Haiti following the devastating earthquake there in January. He has named the Daily Mail's publisher, Associated Newspapers, and editors Paul Dacre, Paul Field and Paul Drury in the suit.

Author

Leah McBride Mensching

Date

2010-04-19 19:03

Independent News and Media last week unveiled premium content across its 13 regional newspaper Web sites in Ireland.

The newspapers will continue carrying a considerable amount of free content across the newspaper Web sites, Patrick Lenehan, CTO of Independent Digital, told SFN. The non-newspaper sourced content was built up over the past 18 months.

Newspapers now under the freemium model include: the Kerryman, Corkman, Sligo Champion, Drogheda Independent, Fingal Independent, The Argus, Bray People, Carlow People, Enniscorthy Guardian, Gorey Guardian, New Ross Standard, Wicklow People and Wexford People.

"This is very much a trial. There are no plans to launch across our national newspaper brands (e.g. Independent.ie) as the national newspaper Web sites perform very well with an advertising supported model - in fact they are market leaders commercially," Lenehan stated in an e-mail.

The launch of the new freemium model was showcased to print readers with a full-page colour ad in each regional newspaper. The ad included a letter from the editor and information detailing which content would be paid, and which would be free.

Author

Leah McBride Mensching

Date

2010-03-30 00:32

Russian billionaire and former KGB agent Alexander Lebedev has bought the Independent and Independent on Sunday for just £1 from Irish publishing group Independent News & Media, MediaGuardian reported today.

Lebedev has created the company Independent Print Limited to publish the titles. As part of the deal, INM will pay the company £9.25 million over the next 10 months, and in exchange IPL will take on "all future trading liabilities and obligations." The acquisition is expected to be completed in May.

According to the Dublin-based INM, which owns newspapers in several countries, the Independent print titles and corresponding Web site Independent.co.uk had an operating loss of more than £12.4 million last year, according to the Guardian. This week, the company reported a net loss of €87.8 million for 2009 and a 15 percent decrease in revenue, to €1.25 billion, the Wall Street Journal reported today.

"It would have cost Independent News about £30 million to shut down the money-losing paper, a person close to the matter said," the WSJ article stated.

In January last year, Lebedev bought a 75.1 percent stake in the London Evening Standard for a token £1, due to that newspaper's loss-making status as well.

Author

Leah McBride Mensching

Date

2010-03-26 02:12

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