Wednesday, June 17, 2009

Tuam Herald newspaper sale falls through

The planned sale of the Tuam Herald newspaper, announced last December, will not proceed.

The Alpha Group, controlled by John Taylor, was due to buy the family newspaper, however it's understood the group has taken a minority share in the business. Speaking to Galway Bay FM News, editor and shareholder of the Tuam Herald, David Burke confirmed that the sale of the paper was not going ahead.

It is believed that the Burke family will retain a majority stake in the paper. However, a minority stake will be held by Alpha Group, controlled by John Taylor, also known as Lord Kilclooney.