Irish Watchdog Launches In-Depth Probe Into Trinity Mirror's Express And Star Swoop
Ireland’s competition watchdog is launching an in-depth probe into Trinity Mirror’s take over of the Express and Star newspapers, according to BreakingNews.ie.
The Competition and Consumer Protection Commission (CCPC) said that preliminary investigations of the deal found that further analysis would be needed to determine if it would harm competition.
In early February, Trinity Mirror announced its €144 million acquisition agreement with media group Northern & Shell, which includes the celebrity magazines OK!, New! and Star, as well as a 50% stake in the Irish Daily Star, which is co-owned by Independent News & Media (INM).
The CPCC will make a final decision by 23 October, and it will take submissions from invested parties until 24 July.
The UK Government cleared the Express takeover last month.
© 2018 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click subscribe to sign up for the Checkout print edition.