Business Irish

Wednesday 24 May 2017

Irish Times dismisses digital division sale

THE Irish Times has roundly dismissed speculation it is about to sell off some or all of its digital division.

Reports earlier in the year suggested the paper of record was in discussions to sell a stake of Digitalworx.

This unit holds a range of digital property including myhome.ie and ireland.com.

Newly-appointed Irish Times managing director Liam Kavanagh, however, insists the rumours are wide of the mark.

"They [a corporate finance house] are not acting and neither is any other corporate finance house and there never was any process," says Kavanagh.

Irish Independent

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