“Green light” given for Irish Times’ Examiner takeover
The proposed takeover of the Irish Examiner newspaper and media group by the Irish Times has been approved by the minister for Communications following a period of exploration of the specifics of the deal.
15 June 2018 | 0
The acquisition of the Irish Examiner and all of its publishing and media interests by The Irish Times has received ministerial approval, the Cork-based newspaper has announced.
The Irish Examiner itself reports that Minister for Communications, Climate Action and the Environment, Denis Naughten, approved the proposed transaction this morning. The next step in the deal will be for a number of legal and compliance regulations to be adhered to, following the minister’s decision that the merger would not be “contrary to the public interest in protecting the plurality of the media in the State.”
Examiner group CEO Tom Murphy said the approval marks the successful completion of the regulatory processes related to such a transaction, and that the completion process would now move to its legal stage.
Further updates are expected to be made as the deal progresses.
As well as the Irish Examiner newspaper, the group also publishes the Cork Evening Echo, the Western People, the Nationalist titles, and a number of high-profile websites including Breakingnews.ie and Benchwarmers.ie.