Connacht Tribune and Galway Bay FM For Sale [Video]

Formpress and Bauer Media are reported to be in the hunt to buy the Connacht Tribune group.

The group includes the Connacht Tribune and Galway City Tribune newspapers and radio station Galway Bay FM.

It is owned by three Galway families – the Naughtons, the Hickeys and the Allens – who have appointed IBI Corporate Finance to find a buyer for the assets.

According to reports in Sunday Times the group will be split with Malcolm Denmark’s regional newspaper group Formpress set to acquire the Tribune brands and Newstalk-owner Bauer favoured to buy the radio station.

Formpress Publishing is a subsidiary of Iconic Newspapers and the company operates more than 20 local news titles, including ‘The Limerick Leader’, ‘The Dundalk Democrat’ and ‘The Leinster Leader’.

In October, the Competition and Consumer Protection Commission cleared Formpress Publishing’s plan’s to purchase D&D Media.

D&D Media …