Oireachtas Joint and Select Committees

Wednesday, 25 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. Tom Murphy:

Property was an important source of revenue for theIrish Examinerat that time, but so was recruitment revenue and so was classified revenue - all revenue. I would say it had little effect on it aside from the fact that obviously profits were suppressed in the industry generally and for the Irish Examiner. I think the issues that it had to contend with were quite different and were holding company level issues rather than trading company level issues.