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Contrary to popular belief, the road to repossession for most hard-up homeowners is a long and winding one. It’s the same with companies. NTL, the cable company that once employed Lord (Stephen) Carter, spent years staggering from debt crisis to debt crisis. Somehow, though, NTL still managed to find the money required to dig up [...]
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The suggestion that Johnston Press may sell its newspapers in the Irish Republic for as little as €40m prefigures an abject conclusion to one of the most spectacular acts of boom-era media hubris. During a whirlwind summer of deal-making in 2005, Tim Bowdler, the now-retired chief executive of Johnston Press, invaded the Republic of Ireland. [...]
Posted in Economy, Financial, Local, Newspapers | Also tagged Cathal Friel, John McStay, Johnston Press, Leinster Leader, Local Press, Newspapers, Raglan Capital, Richard Findlay, Score Press, Scottish Radio Holdings