IN&M may sell part of British Independent in bid to boost sales

IRISH Independent owner Independent News & Media may sell off part of The Independent newspaper in Britain to fund a major marketing drive to boost sales of the trendsetting tabloid.

IN&M may sell part of British Independent in bid to boost sales
Wed, 13 Oct, 2004 - 01:00
Conor Keane, Business Correspondent

An Independent News & Media (INM) spokesperson said they do not comment on speculation following a story in yesterday’s Times.

This suggested the Tony O’Reilly controlled IN&M was actively searching for a partner to take a 30% stake at the lossmaking Independent.

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CourtsPlace: BritainPerson: Tony O’ReillyPerson: Shane ColemanOrganisation: IN&MOrganisation: IndependentOrganisation: Irish IndependentOrganisation: Independent NewsOrganisation: Independent News & MediaOrganisation: INMOrganisation: IN&MOrganisation: The IndependentOrganisation: The Independent NCBOrganisation: EBITDA
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