Belfast Telegraph

Friday 31 October 2014

Daily Ireland collapses after 20 months

Daily Ireland is to fold with the loss of 15 jobs, just 20 months after it was launched.

Daily Ireland is to fold with the loss of 15 jobs, just 20 months after it was launched.

Ulster Unionists questioning the public funds provided to the pro-republican daily.

But the Belfast-based paper said the Government's refusal to allow it to tender for advertising was the last straw.

Mairtin O Muilleoir, owner of Andersonstown News Group, said: "We have examined the implications of that decision and have concluded that it means it will be impossible for us to cover our costs going forward."

Lord Laird of Artigarvan said he was concerned about the way government had pushed funding through.

"Is it not the case that taxpayers' money has effectively gone down the plug hole? How many worthy projects were shelved due to a lack of funding during this period?

"In June last year, Lord Rooker revealed that IntertradeIreland had provided £12,000 in funding for 'sales salary'. That is the starting point - how much more money from the public purse was channelled into this business?"

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