Doubt over INM future | WHAT REALLY HAPPENED

Doubt over INM future

Newspaper giant Independent News and Media (INM) warned today of “significant doubt” over whether the entire company can continue as a going concern.

INM, which owns more than 200 newspaper and magazine titles across the world including the Irish Independent, said it cannot pay a €200m bond which is due to mature on May 18.

The group said that while it still remained profitable it was now in danger of breaching the covenants on its borrowing facilities.

Webmaster's Commentary: 

No doubt the corporate media will whine and blame the bloggers for their troubles, but the fact is that most of the corporate media made the choice to stand with those who lied us into wars of conquest, and the public no longer trusts them, even as the corporate media blasts us with new polls assuring us that the world loves our glorious leaders!

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