We use cookies to ensure that we give you the best experience on our website. We also use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on the SOAR website. However, if you would like to, you can change your cookie settings at any time by amending your browser settings.   Read More...

Cookies enable us to identify your device, or you when you have logged in. We use cookies that are strictly necessary to enable you to move around the site or to provide certain basic features. We use cookies to enhance the functionality of the website by storing your preferences, for example. We also use cookies to help us to improve the performance of our website to provide you with a better user experience. We don't sell the information collected by cookies, nor do we disclose the information to third parties, except where required by law (for example to government bodies and law enforcement agencies.   Show Less...

Celtic Media Group

BLOG

Celtic Media not to proceed with newspaper sale to INM

26 Jun 2017 (14:00)

Celtic Media Newspapers Limited, publishers of this title, and Independent News & Media have agreed by mutual consent to terminate the transaction for the acquisition of Celtic Media Newspapers Limited by INM.

The transaction was approved by the Competition and Consumer Protection Commission on 10th November 2016, and was then subject to a Phase 2 review by the Broadcasting Authority of Ireland, with a Ministerial decision due this week.
 
However, following discussions, Celtic Media Newspapers Limited and INM have taken a view to move forward on a separate footing. 

The Minister for Communications, Climate Action and Environment, Denis Naughten, TD, has been informed of the decision.

The proposed transaction was confined to the newspapers owned by Celtic Media Newspapers Limited and not to the print company owned by Celtic Media Group.

Celtic owns some of the leading titles in the industry including The Anglo Celt; Meath Chronicle; Westmeath Examiner; Westmeath Independent; Connaught Telegraph and Offaly Independent.

The group has over 180,000 weekly readers of its newspapers plus significant online activity with more than one million weekly reach on Facebook and is forecasting close on 11 million pageviews of its websites in the current year.

It provides a combination of graphic design; digital consultancy and printing for a range of titles such as Dublin People Group; Tuam Herald; Nenagh Guardian; Cork Independent; Galway Independent; Southern Star; Mayo News and Sligo Weekender.

Its national print clients, serviced from its Navan print centre, include Trinity Mirror Group and The Racing Post.

Back