IN&M holds meeting, major news expected

UPDATE: thirteen million shares were sold today in Independent News and Media, amounting to two per cent of the company.

19th April, 2012
IN&M holds meeting, major news expected
Gavin O'Reilly

A crunch meeting of the Independent News & Media (INM) board is about to take place, with an expectation that a major announcement will be made afterwards.

There has been growing speculation in recent weeks that chief executive Gavin O’Reilly would be ousted ahead of the company AGM this summer. To date, it has not been clear how exactly this would happen but it looks unlikely that the O’Reilly family will control the newspaper group...

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