- Jan 22, 2011
Martin Fitzpatrick, NUJ, Press Council Members of the Press Council
Noirin Hegarty, Journalist Noirin Hegarty - Ireland | LinkedIn
Tom Lyons, Deputy Business Editor Sunday Independent. https://twitter.com/TomLyonsBiz
Eamon Ryan, Leader Green Party https://twitter.com/EamonRyan
Its no surprise really that its a naval gazing night tonight as Vinny looks at the developments at Thomas Crosbie Holdings and the wider crisis in the newspaper industry following todays developments.
Kieran Wallace of KPMG has been appointed receiver to Thomas Crosbie Holdings. Most of the assets have now been bought by a new company, Landmark Media Investments Ltd, backed by Tom Crosbie and his father Ted who were shareholders in TCH.
The new company has bought:
* Irish Examiner
* Evening Echo
* Waterford News and Star
* Wexford Echo
* Carlow Nationalist
* Kildare Nationalist
* Laois Nationalist
* Western People
* Roscommon Herald.
And also intends to buy radio stations
* Beat 102 FM
* Red FM
which are subject to the approval of the Broadcasting Authority of Ireland.
Tomorrow the High Court will be petitioned to appoint an interim examiner to the Sunday Business Post, which is part of TCH with the intention is to sell the newspaper as a going concern. A subsidiary of TCH, which manages printing on behalf of the group, put into liquidation, with the expected the loss of 12 jobs.
The plan is being backed by AIB, which is the main lender to the media group, will also put new investment into the new company. Tom Murphy, CEO of Landmark Media Investments, said the restructuring represented "an important opportunity for the Irish Examiner and associated titles and media to make a fresh start and that is very welcome news."
A nostalgic look:
Evening Echo Cork Nostalgia - Evening Echo 120th Anniversary
So, we should have a very lively debate tonight on the #VINB. Wonder will Eamon Ryan be most concerned about the number of trees being used for newsprint?
Receiver appointed to publisher of Irish Examiner - RTÉ News
Statement from Thomas Crosbie Holdings on restructuring - Independent.ie
Receiver appointed to Thomas Crosbie Holdings media group - The Irish Times - Wed, Mar 06, 2013
Sunday and daily newspaper sales fall 7% in second half of last year - The Irish Times - Fri, Feb 22, 2013
Senator suggests people should "pay to post" | Politics.ie News
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Previous #VINB: http://www.politics.ie/forum/backstage/207421-vinb-tue-5-3-2013-state-funding-private-schools.html