Oireachtas Joint and Select Committees

Thursday, 26 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

That is fine.

The Irish Timesduring the period in question seems to have had a greater dependence than other newspapers on revenues from property-related advertisements. At the peak, 17% of total revenue for the business was accounted for by property-related advertising. We have had evidence already from the Irish Independentand Sunday Independentthat, on average, property-related advertising revenue accounted for 9% of total revenue and perhaps up to 11% at the peak. The Irish Examinerindicated yesterday 11% to 12% of advertising revenue was accounted for by property-related advertising revenue and it came to 7% of total revenue.

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