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Thread: #VINB Wed 6/3/2013: Crisis in the newspaper industry

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    Politics.ie Member Norman Bates's Avatar
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    Default #VINB Wed 6/3/2013: Crisis in the newspaper industry


    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

    It’s no surprise really that it’s a naval gazing night tonight as Vinny looks at the developments at Thomas Crosbie Holdings and the wider crisis in the newspaper industry following today‘s 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
    * WLR
    * 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


    http://www.politics.ie/forum/media/1...day-times.html
    Senator suggests people should "pay to post" | Politics.ie News
    http://www.politics.ie/forum/media/8...ng-online.html

    Paper preview:
    A N Other, blah

    Previous #VINB: http://www.politics.ie/forum/backsta...e-schools.html

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    Politics.ie Newbie PleaseDaddyNo's Avatar
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    Just seen the title, has vinnie sunk another newspaper?

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    Politics.ie Member ger12's Avatar
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    Didn't John Gormley kinda break this story on Twitter some weeks back?
    At 12 weeks the “clump of cells” toes curl, her mouth makes sucking movements, she has a human face and if you prod the tummy she will move in response

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    Politics.ie Member Norman Bates's Avatar
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    Quote Originally Posted by ger12 View Post
    Didn't John Gormley kinda break this story on Twitter some weeks back?
    Who? Never heard of him. Is he a has been ... ?

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    Politics.ie Member Abaddon's Avatar
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    Quote Originally Posted by ger12 View Post
    Didn't John Gormley kinda break this story on Twitter some weeks back?
    Wasn't he slated, here on P.ie, for doing so
    IF YOU'RE LOOKING FOR A FIGHT, YOU'VE COME TO THE RIGHT SITE = P.ie - Brings out the worst in people!

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    Why is Eamon Ryan on the show? Couldn't Vinnie get a real politician or TD?
    Regards...jmcc

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    Quote Originally Posted by Norman Bates View Post

    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

    It’s no surprise really that it’s a naval gazing night tonight as Vinny looks at the developments at Thomas Crosbie Holdings and the wider crisis in the newspaper industry following today‘s 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.
    Quote Originally Posted by PleaseDaddyNo View Post
    Just seen the title, has vinnie sunk another newspaper?

    Apparently it's something about sinking ships anyway, Norm's got a maritime theme....

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    Politics.ie Member The Owl's Avatar
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    Has Vinnie got a suicide wish? Who the feck cares about newspapers apart from newspapermen. Oh!
    Insanity: Doing the same thing over and over again and expecting different results: I present, The Irish politcal system: Thank you Einstein

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    Quote Originally Posted by The Owl View Post
    Has Vinnie got a suicide wish? Who the feck cares about newspapers apart from newspapermen. Oh!
    Didn't Vinnie write for the Sunday Business Post?
    Regards...jmcc

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    [QUOTE=jmcc;6503461]Didn't Vinnie write for the Sunday post?



    Jasus, reading that post, I thought we had an Independent media!

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