{"id":9198,"date":"2012-03-22T15:24:45","date_gmt":"2012-03-22T13:24:45","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/update-2-irelands-inm-says-supermarkets-buck-ad-spend-decline\/"},"modified":"2012-03-22T15:24:45","modified_gmt":"2012-03-22T13:24:45","slug":"update-2-irelands-inm-says-supermarkets-buck-ad-spend-decline","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-irelands-inm-says-supermarkets-buck-ad-spend-decline\/","title":{"rendered":"UPDATE 2-Ireland&#8217;s INM says supermarkets buck ad spend decline"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* FY operating profit 75.5 mln euros vs 74.4 mln consensus<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* CEO sees advertising down in mid-single digits in 2012<\/p>\n<p><span><\/span><\/p>\n<p>* Cuts costs by 11.3 pct, S. Africa better than expected<br \/>\n-analyst<\/p>\n<p><span><\/span><\/p>\n<p>* Shares fall 6 pct<\/p>\n<p><span><\/span><\/p>\n<p>By Lorraine Turner<\/p>\n<p><span><\/span><\/p>\n<p>DUBLIN, March 22 (Reuters) &#8211; Advertising spending by budget<br \/>\nsupermarkets is helping to limit the impact of sharp falls<br \/>\nacross the rest of the Irish advertising market, Independent<br \/>\nNews  Media said on Thursday after announcing a 9<br \/>\npercent fall in profit for 2011.<\/p>\n<p><span><\/span><\/p>\n<p>The Irish economy remains in the doldrums and there is a<br \/>\nlittle sign of a recovery in 2012, INM&#8217;s Chief Executive Gavin<br \/>\nO&#8217;Reilly told Reuters, adding that the publishing group achieved<br \/>\na robust performance last year given the backdrop.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The Irish consumer is hurting still. There is a lot of debt<br \/>\nin the marketplace, people are very unsure of their future&#8230;as<br \/>\na result, advertisers are spending far less than they were<br \/>\nbefore,&#8221; O&#8217;Reilly said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There are one or two exceptions. The supermarket retailers<br \/>\nare spending pretty decisively. It&#8217;s Tesco, it&#8217;s Aldi,<br \/>\nit&#8217;s Lidl,&#8221; he added.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* FY operating profit 75.5 mln euros vs 74.4 mln consensus * CEO sees advertising down in mid-single digits in 2012 * Cuts costs by 11.3 pct, S. Africa better than expected -analyst * Shares fall 6 pct By Lorraine Turner DUBLIN, March 22 (Reuters) &#8211; Advertising spending by budget supermarkets is helping to limit [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-9198","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=9198"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9198\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}