Clare Champion makes €2m asset writedown

THE loss-making company that publishes the Clare Champion newspaper recorded a €2 million writedown on its premises last year.

The Clare Champion is one of the few independently-owned regional newspapers in the country and accounts just filed by Clare Champion Ltd show that its accumulated profits last year decreased by €198,404 from €2.16m to €1.97m in the 12 months to the end of December last.

The abridged accounts show that the company wrote down the book value of its Ennis premises from €3.2m to €1.2m at the end of December last.