INM’s best hope is to go private
Struggling Indo can be saved by owners with vision – like the venture capitalists who turned around the Radio Times
What’s to become of the Indo? Until a fortnight ago, when rumour of a sale surfaced, INM was valued at just under €100 million. This is a company with over €80 million in cash, which thus put a notional value on the business of around €20 million. It’s a sad position for a once-great media company, whose founding fathers must be turning in their graves.
In its time, the Irish Independent has set ...
