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Hub AI
Mediahuis Ireland AI simulator
(@Mediahuis Ireland_simulator)
Hub AI
Mediahuis Ireland AI simulator
(@Mediahuis Ireland_simulator)
Mediahuis Ireland
Mediahuis Ireland (formerly Independent News and Media, or INM) is a Belgian/Dutch-owned media organisation that is based in Dublin and publishes national daily newspapers, Sunday newspapers, regional newspapers and operates multiple websites including Independent.ie. Mediahuis Ireland operates throughout Ireland. Its titles include the highest circulation daily and Sunday papers in Ireland. Mediahuis Ireland is a wholly owned subsidiary of Mediahuis.
The INM group of companies was dominated by Tony O'Reilly and his family between 1973 and 2012. Thereafter Denis O'Brien was the largest shareholder in Independent News & Media until April 2019.
The company was formed as Independent Newspapers Limited in 1904 by William Martin Murphy, as the publisher of the Irish Independent.
In 1973, (Sir) Tony O'Reilly acquired 100% of the "A" shares of the company from the Murphy and Chance families, and was later forced to bid for the "B" (non-voting) shares. The company was subsequently floated on the Irish Stock Exchange and London Stock Exchange. The group expanded overseas, acquiring interests in the UK, Australia, New Zealand, and South Africa.
In 1999, the company name was changed to Independent News and Media plc.
O'Reilly was CEO until early 2009, one of his sons, formerly COO, Gavin O'Reilly, became CEO in early 2009, and two others were non-executive directors for many years. O'Reilly himself resigned as CEO on 19 April 2012 and was replaced by Vincent Crowley. O'Reilly had come under pressure in recent months from two of INM's largest shareholders, billionaire Denis O'Brien and financier Dermot Desmond.
In May 2012, Irish entrepreneur Denis O'Brien held a 29.9% stake in the company, making him the largest shareholder at the time. This compared to O'Reilly's family stake of around 13% (June 2012). Five per cent of the holding company was held by Clear Channel Communications, transferred in return for control of a South African outdoor advertising firm.
On 26 April 2013, INM announced it had concluded a deal with its bankers to exchange part of its debt for up to 20 percent of equity. The deal was subject to the sale of its South African newspapers, a reduction in staff levels of 10%, a capital raising, and the restructuring of the company's pension plan.
Mediahuis Ireland
Mediahuis Ireland (formerly Independent News and Media, or INM) is a Belgian/Dutch-owned media organisation that is based in Dublin and publishes national daily newspapers, Sunday newspapers, regional newspapers and operates multiple websites including Independent.ie. Mediahuis Ireland operates throughout Ireland. Its titles include the highest circulation daily and Sunday papers in Ireland. Mediahuis Ireland is a wholly owned subsidiary of Mediahuis.
The INM group of companies was dominated by Tony O'Reilly and his family between 1973 and 2012. Thereafter Denis O'Brien was the largest shareholder in Independent News & Media until April 2019.
The company was formed as Independent Newspapers Limited in 1904 by William Martin Murphy, as the publisher of the Irish Independent.
In 1973, (Sir) Tony O'Reilly acquired 100% of the "A" shares of the company from the Murphy and Chance families, and was later forced to bid for the "B" (non-voting) shares. The company was subsequently floated on the Irish Stock Exchange and London Stock Exchange. The group expanded overseas, acquiring interests in the UK, Australia, New Zealand, and South Africa.
In 1999, the company name was changed to Independent News and Media plc.
O'Reilly was CEO until early 2009, one of his sons, formerly COO, Gavin O'Reilly, became CEO in early 2009, and two others were non-executive directors for many years. O'Reilly himself resigned as CEO on 19 April 2012 and was replaced by Vincent Crowley. O'Reilly had come under pressure in recent months from two of INM's largest shareholders, billionaire Denis O'Brien and financier Dermot Desmond.
In May 2012, Irish entrepreneur Denis O'Brien held a 29.9% stake in the company, making him the largest shareholder at the time. This compared to O'Reilly's family stake of around 13% (June 2012). Five per cent of the holding company was held by Clear Channel Communications, transferred in return for control of a South African outdoor advertising firm.
On 26 April 2013, INM announced it had concluded a deal with its bankers to exchange part of its debt for up to 20 percent of equity. The deal was subject to the sale of its South African newspapers, a reduction in staff levels of 10%, a capital raising, and the restructuring of the company's pension plan.