Existential crisis now awaits INM
The troubled newspaper group was distracted by ODCE probes when it should have been preparing for life in a savage market
At Independent News & Media’s annual general meeting last May, shareholders were promised a viable future for the country’s biggest newspaper publisher.
With €90 million-plus in cash in the bank, INM would use the money, its chief executive Michael Doorly said, to invest in parts of the media that were growing. Verticals such as travel, business and lifestyle would offer attractive areas where customers might pay for content. As I wrote at the ...
