Irish Times in €2.6m operating profit before cost of Irish Examiner Group purchase

The publisher of the Irish Times posted an operating profit of over €2.6m in 2018 before taking account of the almost €2m in takeover and other reorganisation costs following the acquisition last summer of the newspaper titles and broadcasting interests of the Irish Examiner group.

The 2018 accounts for The Irish Times Designated Activity Company also include the financial results for just under six months for the Irish Examiner group companies, which the Irish Times acquired on July 10, following the approval of the takeover by the communications minister, the Broadcasting Authority of Ireland, and by the Competition Commission.