CCPC clears purchase by Formpress Publishing of Inishowen Independent
The deal is now subject to further approval by the Minister for Tourism, Culture, Arts, Gaeltacht, Sports and Media, Catherine Martin
The Competition and Consumer Protection Commission (CCPC) has cleared the purchase by Formpress Publishing of D&D Media.
D&D Media owns the Inishowen Independent.
Formpress Publishing owns a number of local and regional newspaper titles across Ireland, including the Donegal Democrat and Donegal Post.
The deal is now subject to further approval by the Minister for Tourism, Culture, Arts, Gaeltacht, Sports and Media, Catherine Martin.
Mergers between media companies must be notified to the CCPC regardless of the size of the companies involved.
This proposed deal was first notified to the CCPC in April 2024.
The CCPC decided in August that a full investigation was required to establish whether the proposed purchase would lead to a substantial lessening of competition in the State.
Following this examination, the CCPC has determined that the proposed transaction will not substantially lessen competition.