Results 7,541-7,560 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Ciarán Lynch: In Ms Donovan's opening address she outlined the rationale for purchasing the website - that this was a platform that The Irish Timeswanted to get into. Those at the newspaper were observing what was happening internationally in the United States and Europe. Was there any commentary in The Irish Timeswith regard to the concentration of €40 million of the company's funds in a...

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Ciarán Lynch: Sure, yes.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Ciarán Lynch: My father, his father and his grandfather were printers, so I know all about hot lead.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Ciarán Lynch: I want to get to the point as to why the whole medium has changed. Now we see a 24-hour news cycle, Twitter and all of the rest of it. I just want to return to the concentration issue. Some €40 million is quite a substantial sum of money for a company.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Ciarán Lynch: I am seeking clarity with regard to the purchase and the timeline of it. It commenced in 2006, but Ms Donovan is indicating that it was quarter two of 2007 when it was purchased. I am sure that both Ms Kennedy and Ms Donovan will talk about it later, what with all of the questioning, but we have heard about the very clear need for separation between what one might call the business end and...

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Ciarán Lynch: What I am talking about is the valuation that was actually put on it. Certainly, somebody can see the rationale for a need to diversify, but the valuation-----

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Ciarán Lynch: On reflection on that price that was paid back in early 2007, how does Ms Donovan view the purchase price now?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Ciarán Lynch: Would Ms Kennedy like to offer a view on the whole purchase?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Ciarán Lynch: Was it the purchase price Ms Kennedy had the reservations about or the acquisition of the site?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Ciarán Lynch: I thank Ms Kennedy. We will move on. The first questioner up is Senator Barrett.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Ciarán Lynch: It was just to clarify that. I thank the Senator very much.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Ciarán Lynch: The matter was raised this morning.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Ciarán Lynch: I will allow Ms Kennedy to address the issue before moving on.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Ciarán Lynch: We will come back to the Senator in a moment.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Ciarán Lynch: Next question, Deputy.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Ciarán Lynch: Last question, please, Deputy.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Ciarán Lynch: I now call Deputy Joe Higgins.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Ciarán Lynch: The Deputy will shortly come to his final question.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Ciarán Lynch: This is the Deputy's last question.