Not Around The Eyes

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Topaz. Emmet O'Neill. Photo Chris Bellew / Copyright Fennell Photography 2014

Emmet O’Neill

Red balloons (out of picture).

Ciarán Hancock, in today’s Irish Times, reports:

Irish businessman Emmet O’Neill [and nephew of Denis O’Brien] has invested €500,000 in local online publisher Lovin Group, The Irish Times has learned.

This has secured a stake of just below 40 per cent for the former Topaz chief executive and will be used to support the company’s expansion both here and overseas.

…It has turnover of more than €1 million, generating revenue for branded content from a range of advertisers, including Guinness, Samsung and Visa.

In fairness.,

How does that make you feel?

emmett

Stop that.

Please?

Ex-Topaz chief O’Neill secures 40% stake in Lovin Group (Irish Times)

Previously: Lovin’ It

Pic: Shelflife

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37 thoughts on “Not Around The Eyes”

  3. Mr. Camomile T

    “Mr O’Neill, who is a nephew of Denis O’Brien, stepped down as Topaz CEO in February following the sale of the company to Canadian group Couche-Tard.”

    That family loves large-but-in-no-way-controlling stakes in media companies, doesn’t it?

    1. Mr. Camomile T

      Nephew of the owner of the largest media group in Ireland buys significant stake in yet another media group.

        1. Mr. Camomile T

          He was the CEO of his uncle’s petrol station business. His uncle now has stakes in most local and national media companies in Ireland. Now the nephew is buying significant stakes in other media companies. The two men have familial and business connections and they are both buying up significant stakes in the mainstream media. You don’t think there’s anything to worry about here in terms of competition or the freedom of the press?

          1. Maire

            Mr Camomile T. Well said! When dealing with people I go with this Mantra ‘I’m responsible for what I say, I’m not responsible for what you understand!’

          4. Vote Rep #1

            “You don’t think there’s anything to worry about here in terms of competition or the freedom of the press?”

            He has bought into LovinDublin. I don’t feel there is a massive amount to be worried about unless they are deciding to move away from saying why some random place, which has in no way paid any money for the plug, does just gorg brunch.

          5. Mr. Camomile T

            The Lovin Group Ltd. does occasionally post social commentary which usually has a strong whiff of class bias. It’s not all “OMG don’t FOMO this burger to end all burgers because baaaaacon. YOLO.”

      2. ArtVandelay

        “Top 5 Reasons Owning the Lovin Group Isn’t a Threat to Press Freedom”

        or

        “This Guy Buys Crappy Website/Self-Acclaimed Media Group. You Won’t Believe What Happens Next”

      1. Mr. Camomile T

        A significant portion of the Irish media is in the ownership of one family. It’s probably fine. The only thing that might concern you would be if that family had a history of corrupt dealings with politicians or government ministers, or if that family held undue influence with the ruling political party. But it’s probably fine. Nothing to see here.

  7. Jimmee

    40% of the business for €400k?! That’s a steal!

    It has a proven track record of generating income (€1m per annum it seems) and it’s a brand that already has global potential.

    Nice one.

      1. Willie Banjo

        I saw mention of turnover and income but no figures for outgoings or profit. I doubt it makes that much profit if any but that doesn’t matter in the Second Great Dot Com Bubble.

  9. :-Joe

    Lurvin the next generation evil business spawn of Denis “The Hait (Disaster Capatalist / Clinton Foundation ) Menace ”

    Da Da Da, Da Da….. I’m hatin it….
    – Just as much as dem sh.1.te burrgers from that clown.

    :-J

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