INM facing major cost cutting drive

Media group Independent News and Media is facing into a major cost cutting exercise, although there are boardroom divisions over the extent of the cuts.

31st March, 2012

Media group Independent News and Media (INM) is facing into a major cost cutting exercise in the short term, although there are boardroom divisions over the extent of the cuts.

As the company enters into refinancing talks on its debt ahead of the 2014 expiry of current facilities, pressure is mounting on its cost base. The company has given its commitment to shareholders and lenders that it will drive down costs.

One source said that INM...

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