Future remains bright for quality journalism in the digital age
IT has been a tough week for the newspaper industry in this country. Yesterday we had the announcement that the 'Sunday Business Post' is looking for up to 25 redundancies. The title, which employs 76 people and has a readership of 140,000, is being sold as part of a complex overhaul of the ownership of parent company Thomas Crosbie Holdings Limited.
On Wednesday we heard that the 'Irish Examiner', and other titles in the same group, had its future secured in a deal with receiver KMPG. There were a variety of reasons which led the company, an institution in Cork and an important part of the fabric of life in the southern capital, to this unfortunate position.
The pitiless recession played a major role. Also being cited, as it is with careless abandon on any such occasion, is the growth of social media in general and online news in particular.