Irish TV, the diaspora-focused television broadcaster, is this weekend scrambling to secure new funding, with mounting uncertainty over the long-term commitments of its main backer, the millionaire businessman John Griffin.
The operation has been backed by Griffin, who sold a majority stake in British taxi company Addison Lee to private equity group Carlyle for €360 million in April 2013. But several sources said that his involvement is coming to an end.
It is understood that KPMG...
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