RIVER MEDIA HQ AND 2 NEWSPAPER OFFICES PUT UP FOR SALE

For Sale: River Media's HQ is  up for sale

NEWS

 October 8, 2014
For Sale: River Media's HQ is  up for sale
For Sale: River Media’s HQ is up for sale

RIVER Media, the company forced to close half a dozen newspapers during the recent recession, is selling off its final three offices in Co Donegal.

Its headquarters in Letterkenny is included in the sell-off.

Commercial property experts Sherry Fitzgerald Rainey says the offices of the Letterkenny Post, the Donegal Post and Inish Times are being offered for sale.

Potential purchasers are being offered vacant possession, or a one-year rental by the newspapers after purchase.

The Letterkenny Post, at Dry Arch Business Park, is being sold for €125,000.

The Donegal Post office unit at Gruagorm House is for sale for €65,000.

The Inish Times office on Buncrana’s Main Street was sold this week – it had been on the market for €110,000.

River Media went into receivership in 2011, re-emerging after doing a deal with its creditors including AIB/First Trust.

In 2009, the company made a loss of just under €1.7m after a €3.3m loss in 2008.

 


RIVER MEDIA TITLE WITHDRAWS FROM INDEPENDENT AUDIT

NEWS

 March 30, 2011

THE Donegal Post – part of the Letterkenny-based River Media newspaper group – has been withdrawn from an industry watchdog which monitors the circulation figures of newspapers.

The paper, which circulates in parts of the south of the county, is published on Wednesdays.

River Media have not made any comment on the move which comes after rapidly deteriorating sales at the struggling title.

It means the company cannot provide potential advertisers with an independently audited circulation figure provided by ABC – the Audit Bureau of Circulation.

Latest ABC figures showed the Donegal Democrat Thursday edition figures down 6.6% year-on-year while the Tuesday Democrat/Peoples Press was down -4.5%.

The Derry People/Donegal News Friday edition was down 0-2% year-on-year. The Monday paper has added an extra 150 copies in the same period.

The Derry Journal Friday edition was down -1.9% on the year while the Tuesday edition was down -3.8%. The Derry-based titles are amongst the best performing in Ireland.

River Media does have its Inish Times publication audited. It was down -2.4%. The company does not audit the freesheet Letterkenny Post.

ends