Transaction details
The proposed restructuring of Fortunegreen Limited whereby post transaction it will be jointly controlled by Irish Times Limited, DMG Ireland Holdings Limited and Independent Newspapers (Ireland). Fortunegreen Limited will develop a single daily free newspaper replacing the current Metro and Herald AM newspapers.
| Economic sector | Media merger |
| Newspaper publishing and advertising. | Yes |
Notification date: Friday, July 17, 2009
| Parties Involved | Business activities |
| The Irish Times Limited | ITL: publishes the daily title Irish Times and, through a joint venture with ANL, the daily free title Metro. |
| DMG Ireland Holdings Limited | DMG: publishes the Irish Daily Mail and the Irish Mail on Sunday. |
| Independent Newspapers (Ireland) Limited | INM: Independent is a wholly owned subsidiary of INM. INM is a leading international newspaper and communication group. |
| Fortunegreen Limited | Fortunegreen: publishes a daily free newspaper, Metro in the GDA. |
| Case Officer Assigned | Contact Details |
| Barry O'Donnell | Tel: 01-804 5396, email:bod@tca.ie |
The deadline for any third parties who wish to make submissions regarding the competition aspects of this merger is:
| Phase 1 | Phase 2 |
| Thursday, July 30, 2009 | Thursday, September 17, 2009 |
|
Current status |
Completed |
Cleared (Phase 2) |
Decision date: Friday, November 6, 2009
