Thomas Crosbie Holdings
Thomas Crosbie Holdings (TCH) was a family-owned media and publishing group based in Cork, Ireland.[1] Its largest publication was once the Irish Examiner, the third largest daily broadsheet newspaper in the Republic of Ireland.
History and receivership
[edit]In July 2012, it was reported by RTÉ that Thomas Crosbie Holdings were considering a "debt restructuring".[2] On 20 January 2013, it was reported that TCH "is edging closer to making a tough decision on its financial restructuring".[3][4]
TCH employed 800 people at one stage, this dropped to 640.[5] In a 2013 court case the company said "everyone in the organisation, was highly attuned to the fact it was a difficult business".[5]
On 6 March 2013, TCH went into receivership. Landmark Media Investments Ltd acquired most of the old TCH assets.[6]
Thomas Crosbie Holdings was sued by WebPrint Concepts in March 2013. WebPrint Concepts also sued Landmark Media Investments. Both were sued over breach of contract.[7] WebPrint Concepts subsequently fired 26 staff members after losing the Thomas Crosbie Holdings contract.[8]
TCH formerly owned a number of newspapers and radio stations as listed below.
Former interests
[edit]Newspaper investments
[edit]- The Sunday Business Post (Went into examinership, then sold to Key Capital and Paul Cooke)[9]
- Irish Examiner (Acquired by Landmark Media Investments Ltd and subsequently acquired by The Irish Times)[6]
- The Kingdom (Closed)
- Sligo Weekender (Sold)[10][11][12]
- Down Democrat (Sold to Alpha Newspaper Group)[13]
- Newry Democrat (Sold to Alpha Newspaper Group and then closed[14])[13]
- The Irish Post (Liquidated then sold by the liquidator)[15]
- Evening Echo (Acquired by Landmark Media Investments Ltd and subsequently acquired by The Irish Times)[6]
- Waterford News & Star (Acquired by Landmark Media Investments Ltd and subsequently acquired by The Irish Times)[6]
- Western People (Acquired by Landmark Media Investments Ltd and subsequently acquired by The Irish Times)[6]
- The Nationalist (Carlow) (Acquired by Landmark Media Investments Ltd and subsequently acquired by The Irish Times)[6]
- Kildare Nationalist (Acquired by Landmark Media Investments Ltd and subsequently acquired by The Irish Times)[6]
- Laois Nationalist (Acquired by Landmark Media Investments Ltd and subsequently acquired by The Irish Times)[6]
- Roscommon Herald (Acquired by Landmark Media Investments Ltd and subsequently acquired by The Irish Times)[6]
- Wexford Echo (Acquired by Landmark Media Investments Ltd and then liquidated)[16]
- Gorey Echo (Acquired by Landmark Media Investments Ltd and then liquidated)[16]
- Enniscorthy Echo (Acquired by Landmark Media Investments Ltd and then liquidated)[16]
- New Ross Echo (Acquired by Landmark Media Investments Ltd and then liquidated)[16]
Radio investments
[edit]- 4fm (Shareholding disposed)[17]
- Beat 102-103 (75% stake)[18] (Acquired by Landmark Media Investments Ltd and subsequently acquired by The Irish Times)[6]
- WLR FM (75% stake)[18] (Acquired by Landmark Media Investments Ltd and subsequently acquired by The Irish Times)[6]
- Red FM (36% stake)[18] (Acquired by Landmark Media Investments Ltd and lower stake subsequently acquired by The Irish Times)[6]
- MidWest Radio (15% stake)[18]
New media
[edit]Thomas Crosbie Holdings had several new media interests. Despite this, chairman Alan Crosbie, speaking at a Dublin conference in February 2012, denounced new media as having "the capacity to destroy civil society".[19]
- RecruitIreland.com (Acquired by Landmark Media Investments Ltd and subsequently acquired by The Irish Times)[6]
- Motornet.ie (Closed)
- BreakingNews.ie (Acquired by Landmark Media Investments Ltd and subsequently acquired by The Irish Times)[6]
- Rugby.ie (Closed)
- GolfOnline.ie (Sold)
- Allabout.ie (Acquired by Landmark Media Investments Ltd then closed)[6]
- Tickles.ie (Closed)
See also
[edit]References
[edit]- ↑ "Irish Examiner wants to cut staff pay by 10%". RTÉ News. 3 September 2010.
- ↑ "Thomas Crosbie Holdings considering restructuring debt". RTÉ News. 13 July 2012.
- ↑ "Business Post owners face bank crunch". Irish Independent. 2 February 2013.
- ↑ "Court hears of row over Irish Examiner's Cork offices". RTÉ News. 8 April 2013.
- 1 2 "Court hears there was no 'indecent haste' in departure of newspaper CEO". Irish Independent. 2 February 2013.
- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 "Receiver appointed to publisher of Irish Examiner as part of restructuring". RTÉ News. 6 March 2013.
- ↑ Hancock, Ciaran (11 March 2013). "Newspaper printer prepares legal challenge". The Irish Times. Archived from the original on 20 May 2013.
- ↑ "Webprint to make 26 staff redundant after loss of TCH business". RTÉ News. 5 April 2013.
- ↑ "Takeover deal agreed at Sunday Business Post newspaper". RTÉ News. 7 June 2013.
- ↑ "Ireland - Irish eyes smiling on regional media".
- ↑ "IN&M to acquire 'Sligo Champion' newspaper". The Irish Times. 12 December 2007.
- ↑ "Not Found | BreakingNews.ie". www.breakingnews.ie.
- 1 2 "Thomas Crosbie Holdings sells Newry Democrat". www.irishexaminer.com. September 3, 2010.
- ↑ "Alpha Newspaper Group acquires Newry Democrat" – via www.belfasttelegraph.co.uk.
- ↑ "Irish Post newspaper goes into liquidation". IrishCentral.com. August 19, 2011.
- 1 2 3 4 "The Wexford Echo and its sister titles are being put into liquidation". Fora.ie.
- ↑ [link removed]
- 1 2 3 4 "TCH acquires two radio stations". www.irishexaminer.com. April 13, 2007.
- ↑ "New media could 'destroy civil society'". RTÉ News. Raidió Teilifís Éireann. 6 February 2012. Retrieved 6 February 2012.
External links
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