The Irish Post an Irish diaspora newspaper based in the UK and Michael McAteer of Grant Thornton, Dublin have agreed a transaction in relation to certain business assets of Irish TV subject to approval of the Competition and Consumer Protection Commission and the Minister for Communications, Energy and Natural Resources. Irish TV which had its headquarters in Westport was placed into liquidation late last year with the loss of over 20 jobs.
These assets include the business name, business databases, website domains, social media and the extensive video content library. In a statement issued on Thursday the proposed purchasers said, “The Irish Post is delighted to have agreed the terms for the purchase of these assets and complements our own moves into the digital arena with video journalism and broadcasting becoming more prevalent everywhere. We see a strong future for Irish TV and indeed The Irish Post on small screen platforms like Facebook and Instagram which can be successful away from the traditional large screen broadcast networks. There is also the opportunity to supplement this by a return to Sky and other TV platforms.
“The annual Irish Post Awards in London is a huge and popular event and we have noted the successful Irish TV Country Music Awards from afar and see further potential in events in the future. On a community level, we are believers in the Irish TV concept of bringing local Irish stories to the global Irish diaspora audience and the support shown by London Irish businessman Mr. John Griffin to the West of Ireland. The Irish Post wish to establish a physical presence there. At a time when British-Irish relations, both economic and community, are to the fore we are pleased to now have agreed the terms of this transaction, which subject to the relevant merger approvals, will give us a foothold in Ireland.”