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Will Independent News & Media return funds to shareholders?

63%

Like many of its rivals, Irish newspaper publisher Independent News & Media (INM) is facing declining revenues but the business is also notably sitting on net cash of €95.7m. This represents 63% of its current market value.

The company does not plan to pay a dividend for 2017 and stockbroker Davy comments: ‘With external M&A on hold, the question for shareholders is whether or not the group is more inclined to return excess cash to shareholders.’

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