Bids for INM titles in South Africa lower than expected
Offers for Independent News & Media's (INM) South African titles have come in at around €150 million, according to a number of sources in the industry.
Offers for Independent News & Media's (INM) South African titles have come in at around €150 million, according to a number of sources in the industry.
A price tag of €250 million was initially linked to the sale but the offers appear to have fallen short of expectations, compounded by a weak South African rand.
It is understood that pressure is mounting on INM to sell other assets, with the stake in Australian media group...
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