Oireachtas Joint and Select Committees

Thursday, 26 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. Michael Doorly:

No. In isolation one can see it that way, but the reality was that it was part of a strategy to reduce our dependence on newspapers, which in the normal product life cycle are at a very mature stage, to say the least, and to move into new media. That is why that purchase was made, and that is the context of the purchase. It was the move by INM into digital.