AN EXAMINER IS expected to be appointed to the Sunday Business Post later today.
The newspaper will apply to the courts for examinership – a process where the company is protected from winding-up orders as it attempts to establish a viable business plan. It is expected to trade as normal for a period of 70 days while a purchases is acquired.
Irish Secretary of the National Union of Journalists Séamus Dooley said he had concern for the Sunday Business Post as its situation is “less clear” than that of its sister papers in the new Landmark group.
However, he told Morning Ireland that there was “an air of optimism” among the 76 employees.
“It is a good newspaper with a good online strategy which may be the key to the future.”
It is still unclear whether the newly-formed Landmark Media will buy the Sunday Business Post.
Yesterday, Thomas Crosbie Holdings sold the Irish Examiner and a series of local papers as part of a complex internal restructuring. The purchaser, Landmark Media, was formed by the Crosbie family.
Twelve jobs have been lost at Thomas Crosbie Printers Ltd – which printed TCH’s newspaper titles – as it is put into liquidation.
The NUJ has sought a meeting with management at Landmark to discuss its development plan but welcomed the “certainty” that will come in the coming days.
Dooley called it a “pity” that more people did not buy the Irish Examiner as it is a “great paper”.
“And I hope those who tweet and say ‘isn’t it great’, go out today as a gesture of solidarity and buy a newspaper.”
He also called for the government to act in relation to the concentration of ownership across Ireland’s media.