Oireachtas Joint and Select Committees

Wednesday, 25 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. Tom Murphy:

I set the scene in terms of my ability to be helpful to the inquiry in this regard. To be helpful, I have given the committee certain types of information. I have now given the committee two types of information in respect of our advertising base. As I have said, that information is not in the public domain. I am genuinely trying to be helpful to and co-operative with the inquiry. Behind me are representatives of the press from every newspaper in the country. I would prefer not to put the matter further than that. I do not think that I should allow myself to be sucked into giving more detailed information.

There are two or three other entities to follow us, tomorrow, I believe. To the best of my knowledge, what differentiates Mr. Vaughan and myself from the individuals who will follow us is that, from a newspaper standpoint, three of the four individuals are retired. Furthermore, as I understand it, the fourth person is now in a different position to the one he occupied in the 2002 to 2007 reference period. We have access to the information. I do not know what access these people have. They follow us. We are giving the committee a great deal of pertinent information which, we believe, is helpful in setting the context of the situation. Genuinely, I would prefer not to put the matter further.

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