Tuesday 27 June 2017

Tycoon reluctant to take medicine he prescribes for others

Maeve Dineen , Business editor

WE all know the odd doctor who likes to drink and smoke while ordering others to drink nothing stronger than camomile tea.

Who would have thought that Denis O'Brien was that type? Last Friday he was busy slamming Independent News & Media for predicting an operating profit of at least €74m while also slicing €40m off the publisher's debt burden.

Three days later, we learn that his own media company (where he calls the shots rather than shouts from the sidelines) is only limping along, thanks to generous interest-free loans from the telecoms mogul himself.

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