News Corp (Australia) has announced plans to merge with The Irish Sun (Ireland), in a move that could see the Irish News take over the News of the World, and The Irish Herald take over The Irish Examiner.
News Corp owns the News in the UK and the Irish Times, which are owned by The Guardian.
The two papers have a combined circulation of more than 500,000.
The new news business would not be the same as The Irish Independent, which has a circulation of less than 500.
“This news business will deliver a wider range of content and the widest range of audiences, with a strong focus on local news and current affairs,” a statement said.
The Irish Daily Mail would be merged with the Irish Daily Star, which is owned by News Corp. The Times would be split with the Independent, with the latter to be taken over by The Irish Post.
The Daily Mail is owned jointly by News Corporation and News Corp’s newspaper group, which also owns the Times.
“It’s good news for the Irish public,” said Mark Dolan, a director at market research firm Deloitte.
“News Corp has been a significant force in the Irish market for many years, with its dominance in the online business, and the combined company will have more of a presence in Ireland.”
News Corp chairman and CEO Rupert Murdoch said he was “delighted” to be able to bring the two newspapers together.
“Today’s announcement will give us a clear and decisive competitive advantage in our digital and print publishing businesses, which together make up over 60 per cent of our global revenue,” he said.
“We are confident this will deliver more local news, and a stronger digital presence, and help the Irish news industry thrive. “
“Irish News and The Herald will be a stronger, more diversified and innovative business, focused on delivering the best content for our readers and the local community.” “
The announcement comes just days after The Irish Government was accused of “brazen and blatant” corruption. “
Irish News and The Herald will be a stronger, more diversified and innovative business, focused on delivering the best content for our readers and the local community.”
The announcement comes just days after The Irish Government was accused of “brazen and blatant” corruption.
The Independent reported that News Corp paid former chief executive of the company, Ian McAllister, more than $2 million over five years to “maintain an unblemished reputation for the newspaper”.
A second person, John Birt, a former News Corp chief executive, was found guilty of taking bribes from the company.
The investigation was brought forward by the Department of Justice, after it emerged that former News Corporation chairman and News International executive Ian Telfer, had a “fantastic” relationship with a former government minister.
The government has admitted the company paid off MPs and politicians for the benefit of News International, and admitted paying for a number of ministerial appointments.
The News of The World and The Sun were among the papers that the government paid for in the same way.
The Herald was owned by the Sun, which merged with The Guardian in 2012.
The Sun’s website is now under the ownership of US media company Vox Media, with News Corp controlling the Herald’s digital operation.
In a statement, News Corp said: “News UK and News of New York City are delighted to announce the acquisition of the Irish Herald from the Guardian.
News of Ireland will remain a national daily newspaper for all of Ireland and its people, and will retain all the core features and values of the News and Sun, including its long history of local journalism and its strong reputation as a local newspaper.”
The sale of the newspaper is expected to close on Thursday.