Sunday July 12, 2020

Is INM back in business?

The media group is trying to sell the new, improved INM story to sceptical brokers, writes Samantha McCaughren.

15th June, 2013
The INM board of directors is hopeful that, if a major restructuring plan is passed, the company will be an attractive equity play again. Photo: Feargal Ward

Brokers have considered Independent News and Media (INM) with more amusement than financial analysis in recent years as the company lurched from one power tussle to another.

In recent days, however, management have been meeting with investment houses urging them to let bygones be bygones and reconsider the restructured company as an equity play.

Tomorrow, shareholders will vote on a complex deal which should transform the company from a heavily indebted traditional media group to...

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