Last month, Independent News & Media, publisher of The Independent and The Independent on Sunday, confirmed it had extended its financial standstill agreement to 27 August.
The publisher is looking to reduce its debt and has been involved in negotiations with banks and bondholders over a €200m (£172m) bond repayment, which was originally due for repayment in May.
A first standstill ran until 26 June and was then extended to 27 August.
According to reports today (19 August), proposals for a fresh extension will be discussed this week.
Independent News & Media declined to comment.
IN&M has been looking to raise cash to pay down debts. Last month, it announced the sale of its 18% stake in Cashcade to Partygaming for approximately €15.3m, net of costs.
Also last month, IN&M raised €22m after selling off 22 million shares of its stake in Indian media giant Jagran Prakashan.
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