INM has plenty of cash but it still faces serious challenges
Robert Pitt’s exit ends an unseemly row. It does not make any of INM's challenges go away
A year ago, secret talks about a most unikely media deals reached breaking point. Executives from Newstalk, the radio station owned by Denis O’Brien’s Communicorp, were talking about a potential takeover by Independent News & Media (INM). It all seemed to be going okay until the issue of price arose. INM’s advisers came up with one value, which turned out to be significantly lower than what Newstalk wanted. As we now know, the ...
