Oireachtas Joint and Select Committees

Thursday, 26 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. Michael Doorly:

I am guessing now because I do not attend board meetings. What was filtering down to us was to drive excellence in the product through good reporting and good journalism and to drive excellence on the commercial side, and on the commercial side that involved introducing efficiencies. We have seen a lot of references to cost reduction, unfortunately, but there was also investment. There was investment in the people. We have had investment in the printing presses and we have had investment in various channels of distribution, and that is with regard to the newspaper. Then there was the expansion and the expansion into other businesses and all of that. I am not sure if that answers the Senator's question.

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