CCPC clears Formpress Publishing’s purchase of Inishowen Independent
October 18, 2024
The Competition and Consumer Protection Commission (CCPC) has given the go-ahead for Formpress Publishing to purchase D&D Media. The deal is now subject to further approval by the Minister for Tourism, Culture, Arts, Gaeltacht, Sports and Media.
D&D Media owns the Inishowen Independent. Formpress Publishing owns a number of local and regional newspaper titles across Ireland, including the Donegal Democrat and Donegal Post. Mergers between media companies must be notified to the CCPC regardless of the size of the companies involved.
This proposed transaction (M/24/026) was notified to the CCPC in April 2024. The CCPC decided in August that a full investigation was required to establish whether the proposed purchase would lead to a substantial lessening of competition in the State.
Following this examination, the CCPC has determined that the proposed transaction will not substantially lessen competition.
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