Irish Billionaire Ratchets-up Pressure on O'Reilly

10 March 2008

DUBLIN: Irish telecoms billionaire and "dissident shareholder" Dennis O'Brien (pictured), who has been pressurising Ireland's Independent News & Media group to sell it loss-making UK newspaper titles, has increased his stake in the company to 19.35%.

Ceo and biggest shareholder Sir Anthony O'Reilly, who controls 26% of IN&M, has been resisting calls to dispose of The Independent and Independent on Sunday, describing them as "substantial calling cards" in the publisher's quest to expand its overseas operations.

Data sourced from; additional content by WARC staff