Oireachtas Joint and Select Committees
Thursday, 26 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Michael 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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