Mystery offshore investor takes 20% stake in Evening Standard

London newspaper refuses to reveal identity of new financial backerAn anonymous offshore investor has taken a 20% stake in the parent company of George Osborne’s Evening Standard, with the newspaper refusing to reveal the identity of its new financial …

Read more

Daily Mail owners reportedly interested in buying i newspaper

Profit-making title could be sold to DMGT by struggling Johnston Press The owners of the Daily Mail could buy the i newspaper from Johnston Press, the debt-laden newspaper group that is struggling to avoid being broken up.The publication is seen as the…

Read more

Allied Irish Banks pursues former media tycoon Tony O’Reilly over €14m debt

Bailed-out bank seeks to cross-examine O’Reilly, once Ireland’s richest man and ex-boss of Heinz and Independent newspaper group, over his financial means

Sir Anthony O’Reilly, once one of Ireland’s most distinguished businessmen and the former global boss of Heinz, could be questioned in court over his financial means.

One of Ireland’s bailed-out banks, Allied Irish Banks (AIB), wants to cross-examine the former Lions rugby star on his ability to pay back €14.3m (£10.3m) in debt, the commercial court in Dublin has heard.

Continue reading…

Read more