Judge to rule on ‘Business Post’ survival plan

The investor poised to take over the Sunday Business Post will plough €750,000 in to the newspaper if the High Court approves the rescue buyout package.

Mr Justice Peter Kelly will next week consider whether to approve the plan which could see the paper, which employs 76 people full time, continue to publish. Staff have accepted revised terms and conditions and nine voluntary redundancies have taken place. The investment is thought to involve media executive Paul Cooke.

In the commercial court yesterday Ross Fanning BL, for the examiner, said he would seek an early hearing for the next stage of the process so the examinership can be finalised and the company can trade normally.