THE GOVERNMENT HAS approved the sale of parts of the now-defunct Irish TV to a newspaper for the Irish diaspora in Britain.
Irish TV, the short-lived station based in County Mayo, went into liquidation late last year after collapsing under millions in losses.
The London-based Irish Post announced that it was buying digital and intellectual property from Irish TV, which includes the station’s business name, business databases, website domains, social media and extensive video content library.
The sale was awaiting the go-ahead from the state’s competition regulator, which has been officially approved today by the Minister for Communications Denis Naughten.
The exact amount of the sale isn’t known.
The Competition and Consumer Protection Commission cleared the proposed merger on competition grounds, with the Minister notified of the approval in March of this year.
The regulator’s examination included determining the merger’s potential effect on the plurality of media in the state.
As a result of this examination the Minister made a determination this Wednesday that the proposed media merger will not adversely affect the plurality of media in the state and, as such, that it may be put into effect.
Founded in 1970, The Irish Post is a media brand focused on the Irish in Britain. It manages a weekly newspaper and a website.