Irish Examiner newspaper and other associated titles go into receivership
THE company behind the Irish Examiner and a number of regional newspapers and radio stations has gone into receivership but most of the assets were immediately bought back by members of the Crosbie family, who have been its long time owners.
Kieran Wallace of KPMG took control of Cork based Thomas Crosbie Holdings earlier today but he has already sold its main assets including the Examiner newspaper to a new company, called Landmark Media Investments.
The Irish Examiner, Evening Echo, Waterford News and Star, Wexford Echo, the Carlow Nationalist, the Kildare Nationalist, the Laois Nationalist, the Western People and Roscommon Herald have all been bought by the new oweners.
As have radio stations WLR, Beat 102 FM and Red FM.
The Sunday Business Post is not included in the mix of assets. The High Court will be asked to appoint an interim examiner to the newspaper tomorrow.
The new owners are Tom Crosbie and his father Ted, who were shareholders in TCH.