Follow @PoliticsIE
 
 
 
Page 1 of 12 1234511 ... LastLast
Results 1 to 10 of 113

Thread: Irish Independent on the brink

  1. #1
    Politics.ie Newbie
    Join Date
    May 2009
    Location
    Dublin
    Posts
    89
    Mentioned
    0 Post(s)

    Default Irish Independent on the brink

    Is the Irish Independent on the brink?

    INM bondholders ramp up pressure over €200m note failure - The Irish Times - Sat, Jul 25, 2009

    In addition to bondholders, whose money has been overdue since May, any resolution must also satisfy the company’s banks, who are owed a further €590 million due later this year and next year, and another €591 million in 2012.

    Bondholders are refusing to accept INM proposals which would see their ultimate repayment cut by more than 25 per cent.

    They argue that the current terms on offer would enrich INM’s shareholders, at their expense.

    They are prepared to subscribe to a discounted rights issue, the consequence of which would be to radically dilute the interest of Sir Anthony and Mr O’Brien.

    Shareholder resistance to such a proposal is at odds with commercial precedent, the bondholders say.

    “The shareholders are not playing by the rules of European restructuring and are risking the livelihood of the employees of the company,” said a source close to the bondholder group.

    “They are putting the interests of shareholders before the health of the company.”
    Google Reader great for following blogs


    http://libertyireland.wordpress.com

  2. #2
    Politics.ie Member
    Join Date
    Mar 2007
    Posts
    272
    Mentioned
    0 Post(s)

    Default

    If they go under it couldn't have happened to a nicer bunch of cúnts and will be absolutely no loss to Irish society.

  3. #3
    Politics.ie Member
    Join Date
    Feb 2005
    Location
    Dublin NSide and Belfast 15
    Posts
    1,250
    Mentioned
    0 Post(s)

    Default

    They just sold their bingo business. INM appear to be conducting a fire sale to survive currently.
    Contrary to the previous poster, I think the loss of so many newspapers would be a devastating blow to diversity of opinion, freedom of speech and society as a whole in Ireland.
    While I have no love for scum like 'Sir' Anto, if INM goes under then many more jobs will be lost and Ireland will be much worse off in terms of its public space for debate.
    Please sign the petition to establish a national day of celebration in honour of the vision of the United Irishmen!
    United Irishmen Day Petition
    Skinflicks blog
    Rep abuse illustrated

  4. #4
    Politics.ie Member Clanrickard's Avatar
    Join Date
    Apr 2008
    Location
    Last outpost of freedom
    Posts
    31,844
    Mentioned
    0 Post(s)

    Default

    Please desist from calling O'Reilly, Sir Anthony. It just feeds that prats ego.

  5. #5
    Politics.ie Member White Horse's Avatar
    Join Date
    Jun 2006
    Location
    Dundalk
    Posts
    7,054
    Mentioned
    0 Post(s)

    Default

    I hope not. For all it's faults, it still more of a national paper then the Dublin Times.

  6. #6
    Politics.ie Newbie
    Join Date
    Jan 2009
    Posts
    51
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by JCSkinner View Post
    if INM goes under then many more jobs will be lost
    Hopefully, Brendan O'Connor's will be one of teh first to go, along with Harris

  7. #7
    Politics.ie Newbie
    Join Date
    May 2009
    Location
    Dublin
    Posts
    89
    Mentioned
    0 Post(s)

    Default

    Indo will be a major loss as Irish Tiimes appears to be run by the unions,

    sunday indo is a rag though, but very popular
    Google Reader great for following blogs


    http://libertyireland.wordpress.com

  8. #8
    Politics.ie Member
    Join Date
    Feb 2005
    Location
    Dublin NSide and Belfast 15
    Posts
    1,250
    Mentioned
    0 Post(s)

    Default

    INM publish or have a stake in a lot more papers than the Indo and Sindo.
    Please sign the petition to establish a national day of celebration in honour of the vision of the United Irishmen!
    United Irishmen Day Petition
    Skinflicks blog
    Rep abuse illustrated

  9. #9
    Politics.ie Member
    Join Date
    Mar 2007
    Posts
    272
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by JCSkinner View Post
    They just sold their bingo business. INM appear to be conducting a fire sale to survive currently.
    Contrary to the previous poster, I think the loss of so many newspapers would be a devastating blow to diversity of opinion, freedom of speech and society as a whole in Ireland.
    While I have no love for scum like 'Sir' Anto, if INM goes under then many more jobs will be lost and Ireland will be much worse off in terms of its public space for debate.
    Should INM go under we'd probably get a much better newspapers to replace it meaning public space for debate would not be harmed and the quality of such would in all likelihood improve.

    That's all before you consider that newspapers are all old hat nowadays anyway when it comes to public debate. Compared with the democratic nature of the internet, newspapers, especially the O'Reilly rags, are increasingly becoming simply mouthpieces for their owners agendas. Agendas that are usually at odds with the survival of Irish society anyway. INM will be no loss.

  10. #10
    Politics.ie Member HEAVENHELPUS's Avatar
    Join Date
    Jun 2009
    Location
    Fermanagh
    Posts
    195
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by Elvis Parsley View Post
    Hopefully, Brendan O'Connor's will be one of teh first to go, along with Harris
    Your right. Such a pair of self-important clowns!

Page 1 of 12 1234511 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •