Investing in newspapers was ‘wrong decision’, says O’Brien

Businessman criticises social media for compromising the truth and ‘shredding’ reputations

10th March, 2020
Investing in newspapers was ‘wrong decision’, says O’Brien
Denis O’Brien told the College Tribune that Ireland should not continue to be a “bed and breakfast location for multinationals taking advantage of our tax policies”

Investing in the newspaper industry in the 2000s was “the wrong decision”, Denis O’Brien has said.

The businessman first bought a stake in Independent News and Media (INM) in 2006 and went on to become the biggest single shareholder following a power struggle with Gavin O’Reilly. He sold out last year to Mediahuis, the Belgian group, crystallising a loss of up to €500 million....

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