The Irish Times media group increased operating profits by 46% last year to €3.82m but said it forecasts a significant decline in revenues for 2020 due to the impact of the Covid-19 pandemic. The company's latest accounts show the group, which includes the Irish Examiner, The Echo and a number of regional titles, increased turnover by 17% to €110.1 million and the group finished the year with net cash of €16.6m. The 2019 results include a full year of trading from The Examiner Group which was acquired by the Irish Times midway through 2018. "Our strategy to grow direct consumer relationships is having a positive impact with Digital revenue showing further improvement of +16%." In July, the Irish Examiner announced a partnership with Cork GAA to provide exclusive live streaming of football and hurling club championship games up to the end of 2022.

Source: Irish Examiner September 11, 2020 05:00 UTC