Investor Relations
News Detail
20th Mar 2009
Market Update
Successful Completion to New Zealand Tax Audit & update on refinancing
Dublin/London – 20th March 2009: Independent News & Media PLC (‘INM’ or the ‘Company’) is pleased to confirm that APN News & Media Ltd. [‘APN’], in which INM has a 39.1% shareholding, today announced the New Zealand Inland Revenue Department (‘NZIRD’) has advised that it has formally decided to discontinue the dispute in relation to the tax treatment of its Masthead Licensing Agreement (‘MLA’).
