Leinster Leader beats competition to buy Limerick Leader for €23 million

THE Leinster Leader has beaten off Irish Independent owners, Independent News and Media to secure the purchase of the Limerick Leader for close to €23 million.

And the Meath Chronicle is also understood to be the focus of a bid from an established British-based regional newspaper group, hoping to make its first foray into the Irish market.

The sale of the Limerick Leader, the largest family-owned regional newspaper in Ireland, to the Leinster Leader group is expected to be formally announced later this week after months of negotiations.