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INM Let 24 Go, Shut GrabOne

Comments

  • #2
    IRE60
    Registered Users, Registered Users 2 Posts: 1,884 ✭✭✭IRE60


    Good spot!

    They had revenues of €3.1m in 2014 / which would seem healthy enough. I remember reading somewhere - company statment - that they had difficulty at one point in getting high value offers on the site.

    Maybe its a sign of the times - are there too many of these sites offering too much (although me and the current incumbent had a deadly bit of scram in the Camden Kitchen two Fridays ago on the back of a coupon based scheme!)

    They are a bit of a nightmare in terms of admin/pricing etc.

    24 staff is pretty stark. New boss Pitt throwing out the 'non core' streams.


  • #3
    JTMan
    Registered Users, Registered Users 2 Posts: 5,558 ✭✭✭JTMan


    Yeah, Pitt & INM showing has ability to make bold decisions. First big decision since the NI print press closure and Independent Colleges sale.

    All the more likely that Pitt will have the balls to let The Irish Daily Star, The Herald and Sunday World go when the time is right.

    Grab One was almost certainly loss making.

    INM will have an online revenue hit from this in their 2016 accounts and a once-off redundancy cost in their 2015 accounts.

    What next for INM?


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