MediaGuardian: O’Brien calls for sale or closure of Independent and IoS
September 2nd, 2009Posted by Laura Oliver in Editors' pick, Newspapers
Denis O’Brien, the rebel shareholder in Independent News & Media, is demanding a meeting of shareholders ‘to order the immediate sale or closure’ of the group’s UK newspapers – the Independent and Independent on Sunday, reports MediaGuardian.
O’Brien has tabled eight resolutions for the meeting including the above and calls for group chairman Brian Hillery to resign.
Last week it was reported that the group as a whole had fallen into the red.
Tags: Brian Hillery, Denis O'Brien, group chairman, Independent, Independent News and Media, the Independent, United Kingdom
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September 2nd, 2009 at 7:19 pm
[...] MediaGuardian: O’Brien calls for sale or closure of Independent and IoS [...]