Backing for INM calls to oust chief

A second shareholder in Australian media group APN has questioned its management decisions, following calls from Independent News and& Media (INM) for a change in leadership.

Dublin-headquartered INM said on Thursday it is seeking the removal of Brett Chenoweth from APN — in which INM holds a 28.95% stake — as director and CEO.

INM is APN’s biggest shareholder and said it had lost confidence in Mr Chenoweth’s ability “to implement the strategic initiatives necessary to reposition APN for the more challenged media landscape that has emerged in Australasia”.