The fallout from the Rupert Murdoch hacking scandal has dragged down the value of media stocks across several countries, including Ireland. Independent News &Media shares hit a 12-month low yesterday of just 38c.This valued the group at €209 million.
INM’s associate company in Australia, APN, in which it owns a 30 per cent stake, also saw its shares fall to 12-month lows last week. INM shares have fallen in value by 49 per...
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