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

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

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.

“I had sent Richard a...

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