THE BOYS ARE BACK IN TOWN
THREE MONTHS after exiting the Sunday Business Post, Tom Lyons has got his new media business up and running in conjunction with his former boss (and RTÉ board member), Ian Kehoe, who exited the SBP in August last year. The good news is that the two boys are taking themselves very seriously and are advertising for hacks (Emmet Oliver might be getting nervous) who “want to work for an outlet that places journalism at the heart of its mission”.
The new venture is called The Currency and will focus on business. Speaking of which, who will be funding the fledgling operation? At this stage, it is not clear where any backing is coming from, although Lyons might know a relative with a few bob given that he happens to be a nephew of moneybags Pearse ‘Alltech’ Lyons, who died last year.
Lyons and Kehoe have set up an office on Fitzwilliam Street, D2, in the same building as architecture and design practice LyonsKelly, where Tom’s interior designer brother, Eoin Lyons, is a founder. The business hacks have also incorporated two separate limited companies to hold their stakes in the new publishing business: TLLA Investments Ltd is named using the initials of its two directors, Tom Lyons and his wife, advertising executive, Lynne Andrews, while the same naming method was used for Mgik Ltd, where the directors are Ian Kehoe and his wife, accountant Miriam Galvin.
To be based on a subscription-based model, The Currency will be entering an increasingly crowded digital news market, where the likes of TheJournal.ie has splurged on online news. Despite the very deep pockets of its Daft.ie owners, Journal Media has recently turned to Google to seek help in funding its investigations.
Maybe Tom and Ian can pick up the phone to the Mountain View California to get some info on Google’s ‘Digital News Innovation Fund’. Like the two boys, Google also claims to have a mission – one “inherently tied to the reporting of journalists and news organisations”.
CRIME DOES PAY
The International Fraud Prevention Conference, organised by ex-INM group editor Stephen Rae and his best buddy and colleague, Paul Williams, formerly of Newstalk, has a dramatic ring to it.
Read more about it in the latest issue out now. And you can peer at Goldhawk’s profile of the Indo’s resident crime fighter here for free.
PRESS SANCTION FOR ‘IRISH TIMES’
PIC: Peter Murtagh
VETERAN Irish Times journalist and former Sunday Tribune editor Peter Murtagh retired last week. The IT fired a shot at Denis O’Brien in its tribute to the hack, noting that Murtagh had won an investigative journalism award for articles on the billionaire.
However, just 12 days beforehand, press ombudsman Peter Feeney delivered a verdict on complaints from Fianna Fáil’s Colm Keaveney (ex-Labour TD and party chairman), arising from an article by Murtagh on O’Brien and his dealings with the politician.
Read more in the latest issue out now. And you can read some background on the story here and here free of charge.
HOT AIR BRIGADE:
The Sindo drools over Fine Gael TD Kate O’Connell.
INM-IRISH TIMES LINK-UP
If INM chief Michael Doorly does not know of Denis O’Brien and Dermot Desmond’s intentions re: possible sale of the company, does that mean his comments reflect institutional shareholders willingness to sell? See here to find out more.
You can also read here free of charge to find out why Doorly was an “unhappy bunny” back in 2016.
The Sunday Times catches up with Goldhawk.
Hot Air Brigade:
All you need to know about the “technique” of Leo Varadkar. The Sunday Times, 4/7/19.
INM ‘HACKERS’ FOR HIGH COURT
The latest news to emerge from within the confines of INM headquarters, Independent House on Talbot Street, relating to alleged data breaches by former INM execs, illustrates that INM’s legal and corporate strategy is “clear from the decision to take High Court action against former chief executive, Robert Pitt, following a similar action against ex-chairman, Leslie Buckley.” Read the latest news here.
Goldhawk has written extensively on the scandal, you can read some background here. And read his profile of former INM chairman, Leslie Buckley, free of charge here.