Independent News & Media may lose 76% of the company’s capital to bondholders through its financial restructuring.
More Press articles
Independent News & Media shareholders have voted against Denis O’Brien’s resolutions in an emergency meeting held earlier today.
Independent News & Media will hold the first of a series of emergency shareholder meetings in Dublin today.
News International has confirmed plans to scrap bulk copies of The Times and The Sunday Times.
Emap plans to start charging for all of its online content from as early as next week.
The New York Times is expected to announce a decision on if and how it will charge for online content “within a matter of weeks”.
Independent News & Media has agreed another extension to a financial standstill agreement with its banks and bondholders.
Independent News & Media has posted a 37% year-on-year fall in operating profits for the year to 23 October, adding that despite a 19% dive in ad revenues it is now seeing stabilisation in the advertising market.
If the London Evening Standard becomes just another free paper following the demise of the London Lite, Alexander Lebedev will have lost a large sum of money for nothing, says Raymond Snoddy.
Associated Newspapers is in talks over the future of the London Lite.