The Irish Post newspaper, based in London, is to close with the loss of 10 jobs, it was announced today.
The weekly newspaper has been owned by Thomas Crosbie Holdings (TCH) since 2003. Staff were briefed earlier today and last Wednesday’s publication is the final edition.
Dan Linehan, Chief Executive Officer, Regional Newspapers at TCH, said the decision to close the Irish Post was taken as a result of the severe economic downturn and significantly reduced advertising revenues.
“I would like to pay tribute to the hard work and commitment of the staff at the Irish Post. They have been part of our Group for eight years and they have tried very hard to make the newspaper work. Regrettably, persistent trading losses and the current economic climate have made the title unsustainable”.
The newspaper was established in 1970 and was previously owned by Jefferson Smurfit.
Thomas Crosbie Media, which owns and operates breakingnews.ie, is also part of the TCH group.