The liquidation of the Irish Press newspapers, as decided by the directors, has had a serious consequence in regard to plurality and diversity in the newspaper media in that a major daily, an evening and a Sunday newspaper left the market. The readers who supported the titles have not had newspapers with a similar ethos to replace them. A gap was left in the market which, in the interests of diversity and plurality I would like to see filled.
The launch of any new paper or a relaunch of press titles is a matter to be decided on respectively by either the investors or the owners of the Irish Press titles.
I supported the workers in obtaining an examinership to Irish Press newspapers and Irish Press Publications, which unfortunately failed — the prospect of a long legal wrangle over the titles put off what appeared to be a potentially viable project at that time. The closure has been devastating for the people who used to work in the Irish Press.
Prior to the failed examinership I had extensive discussions with all newspaper interests following the publication of the Competition Authority's report. At all stages, I have had the objectives of securing revitalised Irish Press titles in the market, and upholding competition law. These have been my central concerns in this matter.
I hope the newspapers could be relaunched to provide for diversity of views in the newspaper media. However, the sale or otherwise of the Irish Press titles is a matter for the owners of those titles and as Minister I have no function in this regard. I have had no recent contact with either Independent Newspapers or Irish Press management on the release for sale of the Irish Press titles. I would be happy if the newspapers were back on the streets to encourage vibrant competition and to provide for diversity and plurality.
I attach considerable importance to the work of the Commission on the Newspaper Industry under the chairmanship of the former Chief Justice, Mr. Thomas Finlay. The issues before the Commission are complex and it has received a significant number of submissions. It will take longer than at first envisaged to complete the report. The commission is aware of the need to produce its report at the earliest possible date.