Thursday February 27, 2020

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.

1st September, 2012
Denis O'Brien. Photo: Tony O'Shea

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...

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