Investing in newspapers was ‘wrong decision’, says O’Brien
Businessman criticises social media for compromising the truth and ‘shredding’ reputations
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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