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Thomas Crosbie Holdings

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Thomas Crosbie Holdings (TCH) was a family-owned media and publishing group based in Cork, Ireland.[1] Its largest publication was once the Irish Examiner, the third largest daily broadsheet newspaper in the Republic of Ireland.

History and receivership

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In July 2012, it was reported by RTÉ that Thomas Crosbie Holdings were considering a "debt restructuring".[2] On 20 January 2013, it was reported that TCH "is edging closer to making a tough decision on its financial restructuring".[3][4]

TCH employed 800 people at one stage, this dropped to 640.[5] In a 2013 court case the company said "everyone in the organisation, was highly attuned to the fact it was a difficult business".[5]

On 6 March 2013, TCH went into receivership. Landmark Media Investments Ltd acquired most of the old TCH assets.[6]

Thomas Crosbie Holdings was sued by WebPrint Concepts in March 2013. WebPrint Concepts also sued Landmark Media Investments. Both were sued over breach of contract.[7] WebPrint Concepts subsequently fired 26 staff members after losing the Thomas Crosbie Holdings contract.[8]

TCH formerly owned a number of newspapers and radio stations as listed below.

Former interests

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Newspaper investments

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Radio investments

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New media

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Thomas Crosbie Holdings had several new media interests. Despite this, chairman Alan Crosbie, speaking at a Dublin conference in February 2012, denounced new media as having "the capacity to destroy civil society".[19]

See also

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References

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  1. ^ "Irish Examiner wants to cut staff pay by 10%". RTÉ News. 3 September 2010.
  2. ^ "Thomas Crosbie Holdings considering restructuring debt". RTÉ News. 13 July 2012.
  3. ^ "Business Post owners face bank crunch". Irish Independent. 2 February 2013.
  4. ^ "Court hears of row over Irish Examiner's Cork offices". RTÉ News. 8 April 2013.
  5. ^ a b "Court hears there was no 'indecent haste' in departure of newspaper CEO". Irish Independent. 2 February 2013.
  6. ^ a b c d e f g h i j k l m n o "Receiver appointed to publisher of Irish Examiner as part of restructuring". RTÉ News. 6 March 2013.
  7. ^ Hancock, Ciaran (11 March 2013). "Newspaper printer prepares legal challenge". The Irish Times. Archived from the original on 20 May 2013.
  8. ^ "Webprint to make 26 staff redundant after loss of TCH business". RTÉ News. 5 April 2013.
  9. ^ "Takeover deal agreed at Sunday Business Post newspaper". RTÉ News. 7 June 2013.
  10. ^ "Ireland - Irish eyes smiling on regional media".
  11. ^ "IN&M to acquire 'Sligo Champion' newspaper". The Irish Times. 12 December 2007.
  12. ^ "Not Found | BreakingNews.ie". www.breakingnews.ie.
  13. ^ a b "Thomas Crosbie Holdings sells Newry Democrat". www.irishexaminer.com. September 3, 2010.
  14. ^ "Alpha Newspaper Group acquires Newry Democrat" – via www.belfasttelegraph.co.uk.
  15. ^ "Irish Post newspaper goes into liquidation". IrishCentral.com. August 19, 2011.
  16. ^ a b c d "The Wexford Echo and its sister titles are being put into liquidation". Fora.ie.
  17. ^ [1][permanent dead link]
  18. ^ a b c d "TCH acquires two radio stations". www.irishexaminer.com. April 13, 2007.
  19. ^ "New media could 'destroy civil society'". RTÉ News. Raidió Teilifís Éireann. 6 February 2012. Retrieved 6 February 2012.
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