IN&M, which publishes the rival Sunday Independent and Sunday World newspapers, has a 29.99 per cent stake in Tribune Newspapers. It has made loans of €12.4 million to the company since 2002, according to recently filed accounts.
As security for the loans, which bear annual interest of 4 per cent, IN&M has a charge over the Tribune’s title, trademark and intellectual property. The companies have other close links - Tribune Newspapers paid IN&M €3.7 million...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team