Mediahuis chief: ‘The money we get from the Vat reduction will go into developing new platforms’
Peter Vandermeersch and other industry leaders agree that the government’s decision to reduce the Vat rate on print and digital newspapers to zero will give the sector the financial foothold they need to maintain standards and move to a digital-first future
Peter Vandermeersch is well qualified to predict what lies in store for the media industry.
“Somewhere in the future,” he told the Business Post, “there won’t be print editions during the week.
“They will only be on Saturdays and Sundays,” he added, before qualifying that what he meant by “future” was “not the foreseeable future”.
The chief executive of Mediahuis Ireland, the publishing group, explained how his company and others like it are in a ...