Thursday May 28, 2020

How Barrett plotted to sink Irish Times with €25m rival

Offer based on ‘mass exodus’ of editorial staff who were angry with high pay of management

21st October, 2018
Frank McDonald, the former environment editor at the Irish Times.

Developer Richard Barrett of Treasury Holdings offered “€20 million to €25 million” to fund a newspaper to rival the Irish Times, reliant on a “mass exodus” of senior Irish Times staff, it has emerged.

Barrett’s offer was extended to the Irish Times’s former environment editor Frank McDonald, and linked to a letter, signed by 80 staff, against the remuneration packages of the Irish Times’s then editor and then managing director....

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