Calm before the next storm for INM

Calm before the next storm for INM
Michael Doorly, chief executive, and Murdoch MacLennan, chairman, INM, at the group’s agm last week Pic: Fergal Phillips

The group’s agm was full of buoyant predictions and reassurances, but the existential threat it faces is still very much a concern

In almost any other company, the presentation Michael Doorly delivered to shareholders of Independent News & Media last Friday would have instilled confidence about its future.

The chief executive told the audience how INM’s strategy was being influenced by the unprecedented changes facing the media industry. The company, though, with more than €90 million of cash in the bank, could cope with the challenges it faced and thrive. There would be investment in the core...

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