Ireland's Independent News backs APN board to grow shareholder value

Thu, 11 Sep 2014

By Paul McBeth Sept. 12 (BusinessDesk) - Irish media group Independent News & Media is backing the board of APN News & Media to grow shareholder value, as the Australasian publisher and broadcaster considers carving out its New Zealand unit. The Dublin-based company, which is controlled by Irish billionaire Dennis O'Brien, will support any moves by APN to increase the value of its 18.6 percent stake in the trans-Tasman media company, the most recent initiative being the possible sell-down and float of its New Zealand businesses, including...

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