Independent News & Media (INM) has agreed a deal to sell its 50pc stake in the Irish Daily Star to co-owner Reach plc. The Irish Daily Star has been a 50/50 joint venture between Ireland’s biggest newspaper group INM and the publisher of the UK’s Daily Star since 1987. INM chief executive Marc Vangeel said the sale of its Irish Daily Star stake will help ensure the future of the title. The Irish Daily Star is a popular title with a talented group of staff producing a compelling mix of Irish news and sport in the national newspaper tabloid market. We wish the new owners continued success with the title.”Following the sale, the Irish Daily Star will continue to trade through Independent Star Ltd, as a subsidiary of Reach PLC.

Source: Irish Independent July 23, 2020 13:30 UTC