O'Sullivan to edit 'Irish Times' as job cuts looming
KEVIN O'Sullivan has been appointed the new editor of 'The Irish Times', the newspaper revealed yesterday. He has been news editor since 2006 and takes over from Geraldine Kennedy, who has been in the position since 2002.
The 51-year-old takes up the position with immediate effect, although there is expected to be a short transition period between him and Ms Kennedy, who is expected to sever ties with the paper.
A former environmental and food-science correspondent, Mr O'Sullivan worked for the 'Connacht Tribune' and 'Tuam Herald' before joining 'The Irish Times' in 1997. He is thought to have beaten up to six candidates for the role.
The Waterford native holds a BSc from UCD and a diploma in journalism from DCU. He takes over at a difficult time.
The newspaper has been mired in difficulties since former managing director Maeve Donovan implemented the now infamous 'investment and diversification' strategy, which saw the company buy the property website 'MyHome.ie' for €50m at the height of the property boom.
It is seeking cost reductions of some €2m, which means staff cuts of between 20 and 30 people out of around 420. Last year staff were hit with pay cuts of between 5pc and 20pc.
The newspaper is also fighting falling circulation as the industry copes with the difficult economic environment.
In 2009 -- its most recent accounts -- The Irish Times Limited booked a €27.9m loss after tax. The company was "not profitable" last year and it has been speculated that that trend has continued into this year.