Business Irish

Wednesday 18 October 2017

Ex-Tribune and Setanta boss joins 'Business Post' bid

Roisin Burke

FORMER Newstalk boss Frank Cronin is involved in a bid for the embattled Sunday Business Post.

Mr Cronin, who previously ran the Sunday Tribune and Setanta Sport, wants to get back in print after several years in radio.

He is linked with an as yet undisclosed party, one of eight other 'tyre kickers'.

"It is an interesting operation and it's an area I would love to be involved in again," Mr Cronin told the Sunday Independent.

"The most important thing is to make it a successful newspaper, get the right ethos and have the commitment to get it going," he added.

Michael McAteer, the examiner approved by the High Court on Friday, will select second-phase interested suitors in about a month.

Others believed to be looking include Conor Killeen's Key Capital, a group including Declan Ganley, London private equity house Better Capital (which recently opened an office here), and the Crosbie family.

"I believe a sale to the Crosbies is the most likely outcome," said Mr Ganley, who was speaking from the US on Friday.

Irish Independent

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