BAI not to take action on O’Brien INM share

Denis O’Brien’s 29.9% holding in Independent News and Media does not constitute a controlling stake, according to the Broadcasting Authority of Ireland (BAI).

But the distinctions that the BAI are drawing between what constitutes control and substantial influence is the stuff of fairy tales, Seamus Dooley, the Irish secretary of the National Union of Journalists said.

“The distinctions are such that we are now in Alice in Wonderland territory,” he said.