Rebel INM board member refuses to step down

The boardroom in-fighting at Independent News and Media (INM) has taken an amazing twist with rebel board member Paul Connolly refusing to comply with a demand from chairman James Osborne to resign.

New levels of fractiousness are being reached in the extremely aggressive battle for control of Ireland’s largest media company.

This follows the unprecedented High Court action by Mr Connolly launched on Wednesdayin a bid to stop an “unduly generous” €1.87m severance payment being made to former INM chief executive Gavin O’Reilly, who was ousted from his post last week.