The publisher of the Irish Independent and Independent.ie has announced it expects 30 redundancies across the organisation and there will be investment of €5m in technology and digital capability. INM chief executive Michael Doorly outlined his vision for the company as part of the plan called ‘[email protected]′. Mr Doorly said the management team has reviewed the challenges and the opportunities facing the publishing industry and what that means for the business. “The key challenges are declining circulation volumes and contracting advertising revenues, which is reflected in INM’s own performance. The major opportunity which we need to take is in increased digital revenues. “While INM continues to be profitable, we recognise that the existing business model is not sustainable over the medium term and we need, as a matter of urgency, to stabilise and grow our business. “In order to do that, we need to put our customers at the heart of everything we do. We have seen a marked shift in consumer behaviour from newspaper to mobile consumption of news and content and INM must adapt accordingly. “This involves optimising revenues, reducing costs and building the capability to respond to the changing needs of our audience,” he said. Mr Doorly… Read full this story
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