So the shareholders of Independent News & Media have spoken.
This morning,its its second-largest shareholder Denis O'Brien, who owns 26 per cent of the group, called for an immediate sale or the closure of The Independent and The Independent on Sunday.
He has called for an extraordinary general meeting to tackle the issue which will bring a clash with Tony O'Reilly who with 28 pr cent of the shares in the largest shareholder in the group.
His son and chief executive Gavin said only on Friday that the London broadsheet titles were not up for sale and should be at least breaking even by the end of next year.
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