Sun­day Busi­ness Post buyer hints at dig­i­tal TV fu­ture

Irish Independent - Business Week - - FRONT PAGE - Dearb­hail McDon­ald

GAL­WAY busi­ness­man Enda O’Coi­neen, the chair­man of Kil­cullen Kap­i­tal Part­ners, which re­cently ac­quired the ‘Sun­day Busi­ness Post’ says he does not know if the Sun­day news­pa­per will cease to print fol­low­ing a strate­gic re­view of the ti­tle.

Mr O’Coi­neen was speak­ing to the Ir­ish In­de­pen­dent af­ter he made an ap­pear­ance on a dig­i­tal TV plat­form in Stock­holm.

“It [the ac­qui­si­tion of the SBP] is a con­trar­ian in­vest­ment, but we are rein­vent­ing it to­tally as a dig­i­tal busi­ness plat­form,” Mr O’Coi­neen told DiTV, a chan­nel owned by the ‘Da­gens In­dus­tri’ fi­nan­cial news­pa­per.

Hint­ing that the ‘Sun­day Busi­ness Post’ may it­self morph into a dig­i­tal TV plat­form, Mr O’Coi­neen said: “I think that’s where it is go­ing. It’s what this TV chan­nel [DiTV] is all about”.

Speak­ing to the Ir­ish In­de­pen­dent af­ter the DiTV in­ter­view, Mr O’Coi­neen said that a con­sul­ta­tion of three to four months is be­ing un­der­taken in a bid to de­velop a new, best-prac­tice model for the ‘Sun­day Busi­ness Post’ that could as­sist the wider Ir­ish me­dia land­scape.

Asked if the re­view would lead to the clo­sure of the print ver­sion of the Sun­day news­pa­per, Mr O’Coi­neen, who praised


Enda O’Coi­neen, chair­man of Kil­cullen Kap­i­tal Part­ners, said he didn’t know whether the Post’s print edi­tion would con­tinue or not staff at the Post, said: “I hon­estly don’t know.”

Mr O’Coi­neen, who ad­dressed a con­fer­ence on the fu­ture of the me­dia in Stock­holm yes­ter­day added: “It’s early stages, we are just fi­nal­is­ing the process. That [digi­ti­sa­tion] is the vi­sion – a few lit­tle moun­tains to climb.”

Mr O’Coi­neen en­cour­aged Ir­ish com­pa­nies to con­sider list­ing on Swe­den’s al­ter­na­tive mar­ket, Nas­daq First North.

Also speak­ing to DiTV , Dympna Hayes, Ire­land’s Am­bas­sador to Swe­den, said more than 200 Ir­ish com­pa­nies ex­port to Swe­den, with Swedish com­pa­nies em­ploy­ing more than 200 peo­ple here.

“For Swe­den, like Ire­land, ex­ports are our eco­nomics lifeblood,” said Ms Hayes.


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