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MediaGuardian: O’Brien calls for sale or closure of Independent and IoS

September 2nd, 2009Posted by 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.

Full story at this link…

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