A proposed purchase agreement whereby The Irish Times will acquire all of the publishing and media interests of the Landmark Media group has received ministerial approval.
The Minister for Communications, Climate Action and the Environment, Denis Naughten, this morning approved the proposed transaction.
In a statement to staff the group chief executive of Landmark Media, Tom Murphy, said the approval marks the successful completion of all regulatory processes in the transaction which now moves to the legal completion process.
Mr Murphy said this is expected to take a further short period and that staff would be updated as 'the situation clarifies further'.
In a note to staff in Tara St the Irish Times said: “The Irish Times looks forward to meeting and working with all staff and their representatives to discuss the acquisition.
"We will be making arrangements to do that as soon as possible. This will include briefings to staff in Dublin, Cork, the regional titles and radio stations.”
- Digital Desk
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