Journal Media was established in 2010 by brothers Brian and Eamonn Fallon
Irish Independent publisher Mediahuis Ireland is in talks to acquire online news provider The Journal and sister sports publication and podcaster“ Mediahuis notes the speculation regarding a possible acquisition,” a spokeswoman for the publisher said. “As always, Mediahuis does not wish to comment on such speculation other than to say that we will continue to consider and evaluate all opportunities that arise.
. Efforts to secure comment from the Fallons were unsuccessful.The sale process is being run in-house by Journal Media, the company behind the two publications. It is understood the Business Post, controlled by Galway businessman Enda O’Coineen’s Kilcullen Kapital Partners, was an underbidder for the business.is subscription based, while The Journal is open to contributions from readers. Journal Media closed down a pop culture news site,business news service the following year.
Journal Media does not file segregated financial statements with the Companies Registration Office. Instead, consolidated figures for its ultimate parent company, DML Capital Unlimited, are filed.The resulting joint venture company, Distilled Ltd, is 50 per cent owned by the Fallons, who hold their shares through DMG, and 50 per cent owned by Adevinta, a Schibsted spin-off.
The Belgium-based Mediahuis group acquired then-listed Independent News & Media in 2019 and subsequently renamed it Mediahuis Ireland. As well as the Irish Independent, Mediahuis Ireland publishes the Sunday Independent, Sunday World, Belfast Telegraph, Sunday Life and nine regional titles.Mediahuis Ireland confirmed last week it had reduced its employee headcount by 50 in its publishing division, with the total including a number of compulsory redundancies.
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