independent

Monday 21 April 2014

'Times' ex-owner leaves €13m

Former Irish Times owner, Major T B McDowell, has left more than €13m in his will.

Thomas Blakeney McDowell who was made 'president for life' of the trust which runs the paper and was described as a 'newspaper proprietor (retired)' died on September 9, 2009. According to his will, which went to probate last week, he left estate valued at €13,262,875.

The executors of his will were his daughters Penelope Mahon, from Co Westmeath, and Karen Irwin, from Dublin. The entire estate was left in a trust fund.

Major McDowell of Whitechurch, Rathfarnham, was a colourful figure in the Irish newspaper industry. "Others might have ventured out in pinstriped suits, but few dared sport a monocle, an elegantly trimmed moustache and stiff collar shirts" said one observer years ago.

Major McDowell, who had become a major shareholder in the Irish Times, was paid a large dividend when the newspaper was converted into a trust in 1974.

He once described the then editor Douglas Gageby, in a letter to the British Ambassador in Dublin, Sir Andrew Gilchrist, as akin to a 'white nigger' in a reference to his editorial line supporting nationalists in Northern Ireland.

Sunday Independent

Also in this Section

Classifieds

CarsIreland

Independent Shopping.ie

Meet, chat and connect with
singles in your area

Independent Shopping.ie

Meet Singles Now

Findajob

Apps

Now available on

Independent.ie on Twitter

More

Most Read

Daily Deals

Independent Gallery

Your photos

Send us your weather photos promo

Celebrity News