Times may bid for Leinster Leader

THE Irish Times is considering making a bid for the Leinster Leader group of newspapers which is expected to sell for more than €80 million.

Times may bid for Leinster Leader

Irish Times managing director Maeve Donovan told the Irish Examiner that she believes the best way, in the long term, to protect the company’s core product, the Irish Times, is through the creation of a broad-based portfolio of media assets. This, she said, should involve other print titles like those published by the Leinster Leader group which includes the Limerick Leader and Dundalk Democrat.

The Irish Times has just reported a near 10% growth in operating profits to €15.3m with pre-tax profits for the year to the end of December 2004 almost doubling to €15.6m, up from €8.47m in 2003.

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