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February 26, 2010

Independent News and Media, the family-controlled publishing company, looks close to a deal to sell its two London-based titles the Independent and Independent on Sunday to Russian businessman Alexander Lebedev.

Independent News and Media, the family-controlled publishing company, looks close to a deal to sell its two London-based titles the Independent and Independent on Sunday to Russian businessman Alexander Lebedev.
 
In the clearest sign yet that a deal is imminent, the UK's Office of Fair Trading posted an invitation yesterday asking for comment on the "anticipated acquisition of the Independent and Independent on Sunday by Lebedev Holdings Limited."
 

December 17, 2009

The O’Reilly family, the majority shareholder in Ireland-based publishers Independent News and Media, has seen its stake fall from 28.5% to 15% in a rights issue on Tuesday.

The O'Reilly family, the majority shareholder in Ireland-based publishers Independent News and Media, has seen its stake fall from 28.5% to 15% in a rights issue on Tuesday. 

A majority of shareholders did subscribe to the rights issue, which raised the debt-laden publishing group €90.2 million.

March 16, 2009

Sir Anthony O’Reilly has announced he is to retire as CEO of Independent News & Media on 7 May this year. He will be succeeded by his son, Gavin, who has held the chief operating officer position for the past eight years.

Sir Anthony O'Reilly has announced he is to retire as CEO of Independent News & Media on 7 May this year. He will be succeeded by his son, Gavin, who has held the chief operating officer position for the past eight years.

Sir Anthony, 72, is the largest shareholder with 28.5% ownership of the €1.5 billion Ireland-based media company, and has led the company for the past 36 years. He said he will continue to support the company in his role as president emeritus.

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