M/09/013 – Metro / Herald AM

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.

Notification date Decision date
Friday July 17, 2009 Friday, November 6, 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.

Economic sector Media merger
Newspaper publishing and advertising. Yes
Submissions from third parties due by:
Phase 1 Phase 2
Thursday, July 30, 2009 Thursday, September 17, 2009
Current status: Completed
Cleared (Phase 2)
Authorised Officer Assigned Contact Details
Barry O'Donnell

Tel: 01-804 5396, email:bod@tca.ie

Media enquiries: MKC Communications: 01 7038600

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