Monday March 30, 2020

INM set to reach deal on debt restructuring

Independent News & Media (INM) is expected to reach an agreement on its financial restructuring in the next ten days.

17th March, 2013
Independent House: further job losses expected.

Independent News & Media (INM) is expected to reach an agreement on its financial restructuring in the next ten days.

The group is in the process of finalising negotiations with a consortium of lenders as part of a €420 million debt restructuring deal, necessitated by substantial losses at the group in recent years.

Falling circulation and ad revenue have prompted the implementation of numerous cost-cutting measures by the group since last June, with further redundancies...

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