Lesliie Buckley (top) and Robert Pitt (above)

This morning.

At the INM AGM in Dublin.

Further to a fallout concerning the aborted sale of Newstalk to INM…

In an unprecedented development for an Irish public company, Mr Pitt did not raise his hand to vote for his chairman when a resolution for his re-election was put to the shareholder meeting.

Mr Pitt formally abstained on the vote for Mr Buckley, but he did vote for the re-election of all the other directors at the meeting….

….Robert Pitt [CEO] sat far removed from Leslie Buckley {Chairman] at the table of directors, and the two men appeared to not speak to each other at any stage during the meeting.

Meanwhile…

INM announced that its pre-tax profit fell by almost 20 per cent during the first half of 2017 compared with the same period last year.

The media group’s interim results showed that its pre-tax profit declined by 19.5 per cent to €14.9 million primarily due to “continued revenue challenges”.

The company said directors were not proposing a dividend for 2017

INM CEO Robert Pitt abstains from vote to re-appoint chairman Leslie Buckley (RTÉ)

Rollingnews