Editor insists title will survive despite losses

THE editor of aircraft financier Domhnal Slattery’s newspaper venture said yesterday that The Clare People will survive.

Emmet Moloney was commenting as new accounts show that the paper has run up losses totalling €5.1 million since it was established six years ago.

According to accounts just filed by Clare College News Ltd for 2010 and 2009 to the Companies Office, the paper recorded a loss last year of €287,697 and this followed a loss of €473,859 in 2009.