Monday 17 December 2018

Sunday Business Post buyer hints at digital TV future

Plans: Enda O’Coineen, chairman of Kilcullen Kapital Partners, said he didn’t know whether the Post’s print edition would continue or not.
Plans: Enda O’Coineen, chairman of Kilcullen Kapital Partners, said he didn’t know whether the Post’s print edition would continue or not.
Dearbhail McDonald

Dearbhail McDonald

Galway businessman Enda O'Coineen, the chairman of Kilcullen Kapital Partners, which recently acquired the 'Sunday Business Post' says he does not know if the Sunday newspaper will cease to print following a strategic review of the title.

Mr O'Coineen was speaking to the Irish Independent after he made an appearance on a digital TV platform in Stockholm.

"It [the acquisition of the SBP] is a contrarian investment, but we are reinventing it totally as a digital business platform," Mr O'Coineen told DiTV, a channel owned by the 'Dagens Industri' financial newspaper.

Hinting that the 'Sunday Business Post' may itself morph into a digital TV platform, Mr O'Coineen said: "I think that's where it is going. It's what this TV channel [DiTV] is all about".

Speaking to the Irish Independent after the DiTV interview, Mr O'Coineen said that a consultation of three to four months is being undertaken in a bid to develop a new, best-practice model for the 'Sunday Business Post' that could assist the wider Irish media landscape.

Asked if the review would lead to the closure of the print version of the Sunday newspaper, Mr O'Coineen, who praised staff at the Post, said: "I honestly don't know."

Mr O'Coineen, who addressed a conference on the future of the media in Stockholm yesterday added: "It's early stages, we are just finalising the process. That [digitisation] is the vision - a few little mountains to climb."

Mr O'Coineen encouraged Irish companies to consider listing on Sweden's alternative market, Nasdaq First North.

Also speaking to DiTV , Dympna Hayes, Ireland's Ambassador to Sweden, said more than 200 Irish companies export to Sweden, with Swedish companies employing more than 200 people here.

"For Sweden, like Ireland, exports are our economics lifeblood," said Ms Hayes.

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