I understand from newspaper reports that Independent Newspapers has contributed to assisting Irish Press plc settle its legal claim with Ingersoll Irish Publications. I also understand from newspaper reports that Independent Newspapers intends offering financial assistance in the relaunch of the Sunday Press. On both of these counts I am extremely concerned and I am taking these reports very seriously. The newspaper reports to which I am referring appeared in mid-November. On 14 November direct questions were put in writing to Independent Newspapers in regard to these matters with a request for a reply within seven days. I await, with interest a reply from Independent Newspapers.
In regard to groups who were interested in relaunching the Press titles, I have had contacts with them since my reply to the Deputy on 10 October 1995. Ownership of the Irish Press titles rests with Irish Press Publications, of which Independent Newspapers owns 24.9 per cent.
As I stated in the House before, the Competition Authority Report submitted to me states that the agreement involving the acquisition by Independent Newspapers plc of a shareholding in Irish Press and the provision of loans to Irish Press is anti-competitive and an abuse of a dominant position. I have stated before that I accept the findings of the Competition Authority.