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....

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

24% decline in gross new lending to Irish SMEs in 2021, Central Bank says

SMEs Eva Short 22 hours ago

Polish start-up raised €12m to bring revenue financing to Ireland

Companies Eva Short 3 days ago

PUP should be cut faster to get workers back, Isme says

SMEs Donal MacNamee 3 days ago