'Examiner' owner in talks with INM over its future
The owner of the 'Irish Examiner' newspaper has reportedly held talks with Independent News & Media (INM) regarding the publication's future, according to a report in yesterday's 'Sunday Times'.
The Cork-based paper is owned by Landmark Media Investments, which is backed by Tom and Ted Crosbie.
The newspaper has an average daily circulation of about 30,100 copies, and the figure has been falling.
Landmark Media Investments bought most of the 'Irish Examiner's previous owner, Thomas Crosbie Holdings, in 2013 under a receivership deal.
The sale also included interests in radio stations and eight regional papers. Landmark has debts of about €21m.
INM, the publisher of this newspaper, declined to comment.
It's believed INM is continuing to focus on its planned acquisition of the Celtic Media Group, which owns titles including the 'Meath Chronicle', the 'Anglo-Celt', and the 'Connaught Telegraph'.
The Competition and Consumer Protection Commission has already approved the sale of the Celtic Media Group to INM.
But in January the proposed acquisition was referred to the Broadcasting Authority of Ireland (BAI) for a full media merger examination by Communications Minister Denis Naughten.
The BAI is expected to deliver the results of that examination soon.