INM's post-O'Reilly era starts in a tough climate
Denis O'Brien's boardroom coup may be positive for INM on some levels, but the group faces more cost-cutting and problems with high debt, writes Samantha McCaughren.
Long before the recession started to bite and take large, painful chunks out of advertising budgets, there was uncertainty for shareholders in Independent News & Media (INM).
In 2006, when Denis O'Brien began investing in the company, INM was still trading in a bountiful market and the share price was well above €3.00. But the intentions of this "dissident" shareholder were unclear. While his criticisms of the board and its strategy may have seemed irrelevant...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine