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Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Kieran O'Donnell: Was the research restricted to The Irish Timesand theIrish Independent?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Kieran O'Donnell: So Dr. Mercille just looked atThe Irish Times,Irish Independentand Sunday Independent?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Kieran O'Donnell: Did Dr. Mercille find a difference in their approaches?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Kieran O'Donnell: In the articles.

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Kieran O'Donnell: In his reply to one of the first questioners, Mr. Browne spoke about how a journalist had been demoted in the newspaper. I presume he was talking about The Irish Times.

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Kieran O'Donnell: In what year did that particular incident happen?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Kieran O'Donnell: Did it send out a signal within the newspaper establishment that if someone steps outside the normal view, there would be consequences?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Kieran O'Donnell: In his opening statement, Mr. Browne that the acquisition byThe Irish Timesof myhome.iein 2006 indicated the extent to which the print industry entered the property sector. From his knowledge of and research into the particular issue, how was acquiring a property website at a time when the property market had virtually reached a peak and was on a downward trend viewed at the time in the...

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Kieran O'Donnell: I am asking Mr. Browne's view. What was the view generally?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Kieran O'Donnell: Was it considered by the Competition Authority at the time?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Kieran O'Donnell: In his research, did Mr. Browne have an opportunity to look at the growth in revenues vis-à-visadvertising, in particular property advertising and newspaper sales in various publications?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Kieran O'Donnell: There are two things.

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Kieran O'Donnell: What proportion of its income was from advertising and how much of that was property related? What impact does Mr. Browne believe that had on how the newspaper industry operated in terms of coverage?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Kieran O'Donnell: I welcome Mr. Vaughan and Mr. Murphy. Can I ask Mr. Murphy about March 2013 when the Thomas Crosbie group went into receivership? How much of that was related to being a victim of the property crash?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Kieran O'Donnell: What was the financial reason Thomas Crosbie Holdings went into receivership?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Kieran O'Donnell: Was it insolvent? It had nothing to do with property?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Kieran O'Donnell: Did it have anything to do with property advertising falling from a peak in 2007?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Kieran O'Donnell: Mr. Murphy was group commercial manager for Thomas Crosbie Holdings from 1990 to 2002. Would The Sunday Business Posthave fallen under his remit at that time?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Kieran O'Donnell: Was it not part of the Thomas Crosbie Holdings?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Kieran O'Donnell: Mr. Murphy was the CEO of the Irish Examinerfrom October 2002 up to March 2013, and I presume he is now CEO of the overall group, including the Irish Examiner. Is that correct?

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