Celtic Media records €400,000 retained profits

CELTIC Media Group, the new owners of the Meath Chronicle, made a profit of just under €400,000 last year.

Celtic Media, owned by Scottish newspaper group Dunfermline Press, acquired the Chronicle from the Davis family for €30 million in December 2002.

No comparison of previous year’s profits are given as Celtic Media was only incorporated in December 2002. However, it was reported at the time of the sale that the Chronicle had made a profit of around €1 million the year before it was sold.