Independent News & Media

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Independent News & Media (INM)
legal form Public Limited Company (PLC)
ISIN IE00B59HWB19
founding 1904
Seat IrelandIreland Dublin , Ireland
management Vincent Crowley (2013)
Number of employees approx. 1,000 (2013)
sales 322.4 million euros (2013)
Branch media
Website www.inmplc.com

The Independent News & Media (INM) is part of the media industry in Ireland . The company mainly operates in Ireland and Northern Ireland . It used to have holdings in Australia , New Zealand , Indonesia , Hong Kong and South Africa . The company is based in Dublin .

history

The Independent News & Media has a history that goes back to 1900, when entrepreneur William Martin Murphy took over the Irish Daily Independent , founded in 1891 . At the time, the newspaper was still the mouthpiece of the Parnellites Party , a spin-off from the Irish Parliamentary Party founded by Charles Stewart Parnell in 1882 . Murphy , about to sell the paper due to financial problems in 1904, realized that there was room in Ireland for an inexpensive daily newspaper. That is why he founded Independent Newspapers Ltd. in 1904 . , invested in the latest printing techniques, changed the appearance and content of the newspaper, had advertisements and notices printed on the front page of the newspaper and extensive use of photos inside, refrained from hate speech against his political enemies and cut the price per issue to half a penny .

On January 2, 1905, the first edition of the Irish Independent appeared , politically independent but oriented towards the conservative middle class. The newspaper became a success. While the Irish Daily Independent had a circulation of 8,000 copies in 1904, the circulation of the new Independent grew to almost 60,000 by September 1913 and over 107,000 copies a year later.

While the Independent appeared nationwide as a morning edition, Murphy also brought out a nationwide evening and Sunday edition. Independent Newspapers Ltd. became the leading publisher of national newspapers. Murphy died in Dublin on June 26, 1919. The family continued the company through their son TV Murphy , which expanded in the 1960s by taking over local daily newspapers.

In January 1973 , after a rugby game , Anthony O'Reilly , Irish entrepreneur and former rugby player, offered Murphy 's son to buy the Independent Newspapers . After two months the purchase was perfect. O'Reilly took over the shares of the Murphy and Chance families and owned 80% of the 100,000 voting shares . As a result, he had to buy 900,000 shares without voting rights, at a price of Ir £ 2  each. After the non-voting shares were converted to voting shares, O'Reilly eventually owned an estimated 30% of the company. In August 1973, O'Reilly informed shareholders of his plans to make the company a global media company.

O'Reilly bought newspapers first, then magazines as well. When O'Reilly took over the Independent Newspapers , the company was worth £ 5 million  and published seven newspapers; 20 years later the company was worth £ 120 million and published over 120 titles. The portfolio included newspapers and magazines from Europe , Africa , Australia and New Zealand .

1992 bought O'Reilly , the Australian Provincial Newspapers ( APN ) and then Fairfax . After the newspaper market opened up in South Africa after Nelson Mandela was elected , O'Reilly bought a 31% stake in Argus Printing & Publishing in 1994 , increased its stake to 60% in just one year and finally took over the company in 1990. In New Zealand, he was interested in Wilson & Horton ( W&H ), which published numerous newspapers in New Zealand, including the country's largest, The New Zealand Herald . The acquisition of radio stations in Australia and New Zealand followed. In order to underline the claim of a media company, Independent Newspapers was renamed Independent News & Media ( INM ) in 1999 .

In 2001 Independent News & Media published over 200 newspapers and magazines in Europe, Africa and Australasia and employed more than 12,000 people worldwide. But a decade later, business wasn't going so well. So in 2013 the entire South African business was sold. In 2014, numerous magazines in the New Zealand market were sold to the German Bauer Media Group by APN News & Media , the subsidiary of Independent News & Media , including the New Zealand Listener .

In its home market in Ireland, Independent News & Media continues to be the country's leading newspaper and media company.

In 2019 INM was sold to the Belgian media company Mediahuis .

Publications

Ireland

national newspapers:

regional newspapers:

  • The Kerryman
  • Drogheda Independent
  • The Sligo Champion
  • Wicklow People
  • Wexford People
  • Waterford People

Magazine:

  • Ireland's Own

Other publications including free newspapers, Irish Brides magazine and various websites including Independent.ie (offers both regional and national content).

The company's main print shop is now in Citywest, a suburb of Dublin, for decades it was on Abbey Street in Dublin.

Northern Ireland

The Belfast Telegraph Group was acquired in 2001 for around 400 million euros and is very profitable, with annual profits of 30 million euros. The group publishes:

  • Belfast Telegraph
  • Sunday Life (Sunday newspaper)

literature

  • Independent News & Media (Ed.): Annual Report & Accounts 2013 . Dublin April 24, 2014 (English, inmplc.com [PDF; 1.7 MB ; accessed on April 20, 2015]).
  • Mark O'Brien, Kevin Rafter (Eds.): Independent Newspapers - A History . Four Courts Press , Dublin 2012, ISBN 978-1-84682-360-2 (English).
    • Patrick Maume : Parnellie politics and the origin of Independent Newspapers . In: Independent Newspapers - A History . 2012, p. 1-13 (English).
    • Padraig Yeates : The Life and career of William Martin Murphy . In: Independent Newspapers - A History . 2012, p. 14-25 (English).
    • Mark O'Brien : Independent Newspapers and Irish society, 1973-98 . In: Independent Newspapers - A History . 2012, p. 170-181 (English).
    • Gavin Ellis : Global players: Tony O'Reilly and Independent News & Media . In: Independent Newspapers - A History . 2012, p. 182-194 (English).

Individual evidence

  1. ↑ Annual Report & Accounts 2013 . 2014, p.  4 .
  2. ↑ Annual Report & Accounts 2013 . 2014, p.  1 .
  3. ↑ Annual Report & Accounts 2013 . 2014, p.  56 .
  4. ↑ a b Patrick Maume : Independent Newspapers . 2012, p.  1 .
  5. ↑ Patrick Maume : Independent Newspapers . 2012, p.  13 .
  6. ↑ a b c d About INM - Corporate History . Independent News & Media , accessed April 20, 2015 .
  7. ↑ a b Padraig Yeates : Independent Newspapers . 2012, p.  24 .
  8. ↑ Padraig Yeates : Independent Newspapers . 2012, p.  23 .
  9. ↑ Thomas J. Morrisey : Enigma of William Martin Murphy . The Irish Times , September 11, 2013, accessed April 20, 2015 .
  10. ^ Mark O'Brien : Independent Newspapers . 2012, p.  171-173 .
  11. ^ A b Gavin Ellis : Independent Newspapers . 2012, p.  182-187 .
  12. ^ Metro publisher Bauer cleared to buy APN magazines . Scoop , January 24, 2014, accessed April 6, 2015 .
  13. ^ Court approves INM takeover by Mediahuis. In: independent.ie. July 30, 2019, accessed May 3, 2020 .