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Independent News & Media

March 22, 2012

The O’Reilly family’s 30-year grip on conglomerate Independent News & Media is reportedly under pressure, as shareholders look to reduce the family’s control. 

The O’Reilly family’s 30-year grip on conglomerate Independent News & Media is reportedly under pressure, as shareholders look to reduce the family’s control.

According to the Financial Times, INM’s two largest shareholders, telecoms billionaire Denis O’Brien and financier Dermot Desmond, want to oust chief executive Gavin O’Reilly.

March 22, 2012

It’s been a mixed week for family businesses across the world, with some, including Wendel, Inditex and Carlson, reporting strong financial results, while Independent News & Media saw profits hit by tough trading conditions. 

It’s been a mixed week for family businesses across the world, with some, including Wendel, Inditex and Carlson, reporting strong financial results, while Independent News & Media saw profits hit by tough trading conditions.

Wendel, the French investment company controlled by the eponymous family, said on 22 March that revenues jumped 17.5% in 2011 to €5.95 billion, from €5.07 billion in 2010.

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