Tribune: €97k in losses a week

THE Sunday Tribune increased its losses in 2008 — losing almost €97,000 a week.

Newly filed accounts for Tribune Newspapers plc, which is part-owned by Independent News and Media (INM), show losses in the year to December 31, 2008, increased to just over €5 million from €2.8m in 2007.

INM owns 29.9% of the paper, making it the second-largest shareholder behind chairman Gordon Colleary. A significant stake is also held by Glen Dimplex, founder Martin Naughton and Mondello Park owner Martin Birrane.