Thomas Crosbie Holdings
Thomas Crosbie Holdings(TCH) was a family-ownedmediaandpublishinggroup based inCork,Ireland.[1]Its largest publication was once theIrish 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 InvestmentsLtd acquired most of the old TCH assets.[6]
Thomas Crosbie Holdings was sued by WebPrint Concepts in March 2013. WebPrint Concepts also suedLandmark 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 byLandmark Media InvestmentsLtd and subsequently acquired byThe Irish Times)[6]
- The Kingdom(Closed)
- Sligo Weekender(Sold)[10][11][12]
- Down Democrat(Sold toAlpha Newspaper Group)[13]
- Newry Democrat(Sold toAlpha Newspaper Groupand then closed[14])[13]
- The Irish Post(Liquidated then sold by the liquidator)[15]
- Evening Echo(Acquired byLandmark Media InvestmentsLtd and subsequently acquired byThe Irish Times)[6]
- Waterford News & Star(Acquired byLandmark Media InvestmentsLtd and subsequently acquired byThe Irish Times)[6]
- Western People(Acquired byLandmark Media InvestmentsLtd and subsequently acquired byThe Irish Times)[6]
- The Nationalist(Carlow)(Acquired byLandmark Media InvestmentsLtd and subsequently acquired byThe Irish Times)[6]
- Kildare Nationalist(Acquired byLandmark Media InvestmentsLtd and subsequently acquired byThe Irish Times)[6]
- Laois Nationalist(Acquired byLandmark Media InvestmentsLtd and subsequently acquired byThe Irish Times)[6]
- Roscommon Herald(Acquired byLandmark Media InvestmentsLtd and subsequently acquired byThe Irish Times)[6]
- Wexford Echo(Acquired byLandmark Media InvestmentsLtd and then liquidated)[16]
- Gorey Echo(Acquired byLandmark Media InvestmentsLtd and then liquidated)[16]
- Enniscorthy Echo(Acquired byLandmark Media InvestmentsLtd and then liquidated)[16]
- New Ross Echo(Acquired byLandmark Media InvestmentsLtd and then liquidated)[16]
Radio investments[edit]
- 4fm(Shareholding disposed)[17]
- Beat 102-103(75% stake)[18](Acquired byLandmark Media InvestmentsLtd and subsequently acquired byThe Irish Times)[6]
- WLR FM(75% stake)[18](Acquired byLandmark Media InvestmentsLtd and subsequently acquired byThe Irish Times)[6]
- Red FM(36% stake)[18](Acquired byLandmark Media InvestmentsLtd and lower stake subsequently acquired byThe Irish Times)[6]
- MidWest Radio(15% stake)[18]
New media[edit]
Thomas Crosbie Holdings had severalnew mediainterests. 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(Acquired byLandmark Media InvestmentsLtd and subsequently acquired byThe Irish Times)[6]
- Motornet.ie(Closed)
- BreakingNews.ie(Acquired byLandmark Media InvestmentsLtd and subsequently acquired byThe Irish Times)[6]
- Rugby.ie(Closed)
- GolfOnline.ie(Sold)
- Allabout.ie(Acquired byLandmark Media InvestmentsLtd 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.
- ^ab"Court hears there was no 'indecent haste' in departure of newspaper CEO".Irish Independent.2 February 2013.
- ^abcdefghijklmno"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 fromthe originalon 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".breakingnews.ie.
- ^ab"Thomas Crosbie Holdings sells Newry Democrat".irishexaminer.September 3, 2010.
- ^"Alpha Newspaper Group acquires Newry Democrat"– via belfasttelegraph.co.uk.
- ^"Irish Post newspaper goes into liquidation".IrishCentral.August 19, 2011.
- ^abcd"The Wexford Echo and its sister titles are being put into liquidation".Fora.ie.
- ^[1][permanent dead link]
- ^abcd"TCH acquires two radio stations".irishexaminer.April 13, 2007.
- ^"New media could 'destroy civil society'".RTÉ News.Raidió Teilifís Éireann. 6 February 2012.Retrieved6 February2012.
External links[edit]
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| National | |
