Courts / Wexford / Report

Provisional liquidator appointed to local newspaper publisher

Date
2017-06-29
Stage
Hearing Or Decision
Primary locality
Wexford
County
Wexford

Summary

The High Court appointed Mr Kieran Wallace as provisional liquidator for Wexford Echo Limited, the publisher of the Wexford Echo, Gorey Echo, New Ross Echo and Enniscorthy Echo. The court was told the company is insolvent and cannot pay its debts, with net liabilities of €834,000 at the end of May. Wallace will keep the four titles operating in the hope a buyer can be found, preserving their saleability and preventing any suspension that could prejudice a sale. The company employs 30 people across journalism, advertising, sales, sub‑editing, page production, finance and management. Its directors are Thomas Crosbie, Noel Wall, Daniel Francis Linehan, Thomas Joseph Murphy and Sean O'Keeffe. The company is a member of the Landmark Media Group, which has ceased financial support, leading shareholders to resolve to wind up the company and appoint a provisional liquidator.

Who, what, where, when and why

What: Report matter: Provisional liquidator appointed to local newspaper publisher. Procedural stage: hearing_or_decision

When:

Places mentioned

Court Venue
  • The High Court
  • High Court

Topics

Stage Hearing Or Decision

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