A Different Set Of Values


Denis O’Brien in New York in 2012

‘The O’Reilly family’s stranglehold on most of Irish journalism is over and that can only be good….I’m delighted that businessman Denis O’Brien, much admired here in America, is taking over effectively as the chief shareholder of Ireland’s largest newspaper group, Independent News and Media.

Denis O’Brien will bring a very different set of values to the newspaper world in my opinion. He is a creator not a destroyer, who has pumped tens of millions of his own funds into Haiti and other impoverished countries where his company Digicel does business.’

Niall O’Dowd, Irish Central April 25, 2012.

Denis O’Brien, a billionaire with a mission not just to make money (Niall O’Dowd, Irish Central, April 25, 2012)

‘…A public tribunal set up by the state had found in 2011 that O’Brien had paid over €1 million to a government minister who had facilitated him in winning the cell phone license in Ireland that was the basis of his fortune. And there were other worrying aspects about O’Brien which raised questions about his suitability as a national newspaper boss.

O’Brien’s seven years in control of INM have been characterized by cutbacks and confusion as a way to halt the decline was desperately sought. Many of the best journalists at INM left and staff pensions were cut almost in half.

On the plus side, the development of Independent.ie was impressive, resulting in unique visitor numbers for the site that ran into millions a month. But as noted above, this never translated into significant revenue and the sour mood among staff at INM has become even more depressed in the last few years.’

John Spain, Irish Central yesterday

What’s next for declining Independent News and Media after sale (John Spain, Irish Central)

Pic via Irish America magazine

5 thoughts on “A Different Set Of Values

  1. eoin

    Change of regime at IrishCentral.com, now that it’s been sold and Niall O’Dowd has a supporting role, Denis O’Brien is no longer a sacred cow. Who will forget this encomium to St. Redacted from Niall?

    “Denis O’Brien is Ireland’s equivalent of Andrew Carnegie, the Scottish emigrant who made billions and gave it all away in the final decades of his life…O’Brien has made his billions through his telephone company Digicel which has provided cell phone service to millions of the world’s poor. He has also given back in the countless millions to those countries where he has prospered.”

  2. Ian-O

    Niall O’Dowd has his tongue so far up Hilary’s hoo ha he can lick the back of her eyeballs.

    Clinton and Dobby are best buds too.

  3. Dan

    Look like the Haiti mobile licence was allegedly obtained via bribes, ex US Colonel says he faciliated the transactions.

  4. Otis Blue

    That O’Dowd quote on O’Brien is extraordinary.

    On O’Brien’s wealth, I’ve always wondered why he never operated in developed or well regulated economies or markets.

    It’s a definite niche.

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