The High Court last week approved the appointment of an examiner to The Farm Media Group. The company owes its creditors €5.4 million, but is now protected from its creditors for 70 days.
During that time, the examiner Neil Hughes will try to draft a rescue plan.
Dublin media company Piranha Fish was rumoured to be a potential investor, but said it had decided not to invest in The Farm.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team