Tag Archives: Denis O’Brien

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

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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Irish Times: Denis O’Brien may be ‘bypassed’ in IN&M bond deal

The latest on the Independent News & Media financial negotiations, as reported by the Irish Times:

“Bondholders in Independent News & Media (IN&M) are negotiating with the company on the resolution of an overdue €200 million note on the basis that key investor Denis O’Brien will not sign up to current proposals.”

Last month, in an interview with the Irish Sunday Times, O’Brien said that it was possible IN&M might go into bankruptcy protection.

Full story at this link…