TV Dragon sells bulk of her magazine business
TV Dragon Norah Casey has agreed to sell the bulk of her Irish magazines empire to a US digital media investor.
New York-based businessman Liam Lynch's Irish Studio will acquire 'Irish Tatler', 'Irish Tatler Man', 'U Magazine', 'Food&Wine Magazine', 'Auto Ireland' and 'Ireland of the Welcomes' from Ms Casey's Harmonia. Last year, Irish Studio paid €2.7m to buy IrishCentral.com.
Ms Casey will retain a role as chairwoman emeritus following the sale, and continue to own and manage Harmonia's remaining brands, which include 'Woman's Way' and 'Planet Women' in her own right.
Ciaran Casey will join Irish Studio in an executive role to roll out the new strategy for the six magazines. Ms Casey said: "This is an exciting development ensuring these iconic brands are moving to a company that will develop their digital presence and global reach."