The company has announced what it calls “four significant developments in its Irish publishing division’, and they are all concerned with online properties
It is launching an online jobs portal, in conjunction with Stepstone as technology provider, in order to combine all of INM’s job boards.
It has appointed a new online editor for Ireland amid the redevelopment of its major news website independent.ie, which already boasts 3.2m unique users a month.
This news comes alongside today’s announcement of INM’s full-year results for 2010, which show a 14% rise in underlying operating profit to €87.9m (76.5m). Net debt was reduced over the year by €570.4m (£496.3m).
Recently, the publisher gave up on two loss-making papers. It owned 50% of the Irish Daily Star Sunday, which closed in January, and was a 29.9% shareholder in the Sunday Tribune, which ceased publication in February.
INM, some 9% of which is owned by former bondholders, has media businesses in Ireland (including the Irish Independent and the Belfast Telegraph), South Africa, New Zealand and Australia, as well as interests in India.
“We are targeting a further improvement in operating profit for the year,” said chief executive Gavin O’Reilly in a statement accompanying the results.
It’s sure good to see O’Reilly, previously something of an online sceptic, embracing the digital world at last.
This article originally appeared in MediaGuardian.