COMMERCIAL broadcaster TV3 has strongly objected to plans by RTÉ to extend its television services, arguing that the State-owned company should tackle its ongoing losses before adding new services.
RTÉ made a formal submission for the services to the Department of Communications on June 25, with the department seeking stakeholder views in recent weeks.
As part of RTÉ’s new fiveyear strategy, it proposes new services including an RTÉ 2+1 channel – which airs the main channel an hour later – while extending the hours of its RTÉ 1+1 station, which currently airs after 7pm each day.
TV3, which will soon be rebranded as Virgin, is strongly objecting to the plan.
APOLLO Global Management is in exclusive talks to buy the Irish hotel group Tifco from Goldman Sachs.
The US private equity firm, which has substantial hotel interests in the UK, is believed to have beaten a rival bid from TPG Capital.
Tifco, the second-largest hotel group in Ireland after Dalata, owns 18 hotels and manages others. It had been speculated that the group could be sold for as much as €600m, but the likely sale price will probably be significantly less.
Sunday Business Post
DEVELOPER Noel Smyth is set to sell a key part of the Arnotts portfolio that he acquired after winning out in a showdown with fund behemoth Apollo several years ago.
Mr Smyth is selling what is known as the Blue Building on Dublin’s Henry Street, next to the historic department store.