Oireachtas Joint and Select Committees

Thursday, 26 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Ms Maeve Donovan:

I would absolutely agree with Ms Kennedy. For us, on the business side, it has been a very good experience to go back and review in a more forensic way our planning and so on. I could not point to anything of any significance which has changed for us in terms of how we go about our business. It reassured us with regard to the fact that we have a very robust model. Given our structure, what we do is earn as much as we can to invest in good journalism, to put people out where the current editor wants them to go and to finance the type of appeal with regard to sources that Ms Kennedy spoke about earlier. We were able to spend over €1 million on appealing to the European Court of Human Rights on the protection of sources because we carry a lot of property, recruitment and motor ads. This is the way in which we operate. We have a very circular process. Everything goes back into the product and into ensuring its longevity.

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