10 thoughts on “So Don’t Fight It

    1. Eoin

      The business is actually Rcoaster.ie Limited based in Galway, owned by Anne O’Connor and John Feeley. It only publishes abbreviated accounts, but they’re reasonably healthy looking. It made a net profit after tax of €29k in 2017, and that was after paying €56k to the directors. How much are its annual sales? The accounts don’t say but more than €85k (29+56) obviously. It had net assets of nearly €250k in 2017 including €200k of cash, having been in business for 17 years. It’s not Facebook, but its accounts suggest it’s a tidy little business.

      It’s ranked as the #1680 most visited site in Ireland. I’d say DMGT will be paying north of €250k for the site alone with a contract for services with the two owners on top of that, but that’s just a guess and there hasn’t been any announcement from publicly quoted DMGT which owns the Mail. DMGT has annual revenues of €1.5 billion and profit of €0.2 billion, so this isn’t a big deal for it.

      There is likely to be a trend for big publishers seeking out niche digital platforms in 2019. Expect more similar deals.

      Separately altogether, BS is #532 most visited site in Ireland. [John, Olga, Niall, Karl, Larry and Photocall all scurry to find a fuppin calculator….and 3,2,1….we’re millionaires! Paper millionaires obviously, but still]

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