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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