Exclusive : Indy Owner Profits from Mugabe Poster Advertising
The Indy on Sunday frontpages a tenuous story about MPs owning shares in companies like Barclays that do business in Zimbabwe. Hypocritically, the Indy’s parent company, Independent News & Media PLC, owns 100% of CCI, which according to the corporation’s own website “is the largest and fastest-growing outdoor advertising company in South Africa, with significant operations in Angola, Botswana, Lesotho, Malawi, Mauritius, Mozambique, Namibia, Swaziland, Tanzania, Uganda, Zambia and Zimbabwe.”
So the Indy’s owner actually made money from Mugabe’s poster advertising campaign for the election. Stick that on your front page…
UPDATE : A co-conspirator points out that Baroness Jay and Ken Clarke are non-execs on the board of INM plc. In Baroness Jay’s case it seems particularly difficult to reconcile her chairmanship of the Overseas Development Institute with personally profiting from the firm that profits from Mugabe’s election advertising campaigns.
