In a deal announced to the stock exchange this morning, shareholders are to receive 10.5 cent per share.
INM owns a number of national and regional titles including the Irish and Sunday Independent, the Sunday World, The Belfast Telegraph, and a number of regional newspapers including the Wicklow and Bray People and the Gorey Guardian.
The deal will need regulatory approval.
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8:00pm - 10:00pm
Love Songs on the Coast
Sunny intervals
High: 17°C | Low: 12°C
Sunny intervals
High: 17°C | Low: 12°C
Sunny intervals
High: 17°C | Low: 11°C
Medium-level cloud
High: 16°C | Low: 10°C
Sunny intervals
High: 17°C | Low: 11°C