INM still in the black, but a Pittfall may lie ahead
INM’s surge in profits was overshadowed by the incredible news that its chief executive, Robert Pitt, had turned whistleblower
It should have been a great week for the management of Independent News & Media. Instead, despite posting a pre-tax profit of €41.8 million, up from €37.4 million the year before, the company’s good news was lost in a blizzard of controversy.
Just as those financial results were coming out, INM confirmed it was cooperating with a request for information by the corporate enforcement watchdog over its aborted takeover of the radio station...
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