Sunday Business Post files for examinership

The Sunday Business Post newspaper has filed for the appointment of an interim examiner in the High Court.

Counsel for Post Publications Limited, the publisher of the paper, said it employs 76 people and has been loss making since 2009.

The paper was part of Thomas Crosbie Holdings, which went into receivership yesterday.

The court heard that the paper has seen its revenues fall to €7.3m in 2012 from €15.6m in 2007 as a result of the drop in advertising.