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Wed 07 Jul 2009BCI plays dead in ruling on O'Brien
How can it be acceptable for one person to control so much of the media, asks VINCENT BROWNE
DENIS O’BRIEN now has effective control of Independent News and Media (INM). Although he owns only 26 per cent of the shareholding of INM and has only a minority of directors on the board, it is he who is playing a central role in the most crucial negotiations INM has undertaken in its history: those with the INM bond holders who are demanding to be paid €200 million.
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