Business Irish

Sunday 17 December 2017

Ganley among 'Post' bidders

Declan Ganley
Declan Ganley

Tom Lyons

Four parties have so far expressed interest in buying The Sunday Business Post, which went into examinership last Thursday, including Better Capital, a private equity firm led by John Moulton.

It has also emerged that Webprint Concepts Ltd's lawyers – Mason, Hayes & Curran – plan next week to take legal action to have the firm reinstated as printers to Landmark, the new Crosbie-owned company that took over the Irish Examiner and other regional titles last week.

Other bidders for the Post include Key Capital, a financial adviser co-founded by Conor Killeen and entrepreneur Declan Ganley, who has teamed up with a Spanish media magnate.

The founder of television group Setanta, Michael O'Rourke, is also mulling a bid.

Meanwhile Donagh O'Doherty, managing director of Webprint, said the decision to halt the TCH titles' printing with his company was "extraordinarily unfair and simply wrong. We intend to sue to vindicate our rights".

The Crosbies will defend the actions.

Irish Independent

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