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Sat 09 Sep 2009London 'Independent' titles cost IN&M €285m
THE LONDON Independent newspaper titles have cost Independent News Media (INM) €285 million since the group first bought into them in the mid-1990s, according to Denis O’Brien, one of the group’s biggest shareholders.
Mr O’Brien, who owns 26 per cent of the Irish-based media group, is seeking an extraordinary general meeting (egm) in a bid to halt INM’s proposed sale of its South African outdoor advertising business for €98 million.
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