O’Reilly family faces challenge to hold over INM: report

As Independent News and Media prepares to announce its full-year results today, reports emerged last night that the O’Reilly family’s grip on the group could come under pressure.

The Financial Times reported INM’s two largest shareholders, Denis O’Brien and Dermot Desmond, both want the removal of chief executive Gavin O’Reilly.

Mr O’Brien has a 22% stake in INM, while Dermot Desmond has 5.75%.