Today in the press

Monday 25 August 2014 10.03
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Today in the press
Today in the press
Today in the press

TV3 EYES COMMICORP COLLABORATION - Increased collaboration between TV3 and Denis O’Brien’s Communicorp is part of the TV station’s plans for combating the increased competition that will accompany the arrival of UTV Ireland on to the market in the Republic, according to The Irish Times.

TV3 commercial director Pat Kiely said the advertising sector is “clamouring for more collaboration across platforms” and that such a development is an important step in competing against “foreign competition”.

He said he did not believe there is any market dominance issue involved in the TV station linking up with Communicorp and said the collaboration between TV3 and Communicorp was nothing compared with the market share held by RTÉ in the television and market sectors.

Mr O’Brien is Ireland’s largest owner of private media assets, being the biggest shareholder in the Independent News & Media group, and the owner of Communicorp, the radio business that includes Newstalk, 98FM and TodayFM, as well as other radio channels. 

TV3’s largest shareholder is private equity group Doughty Hanson.

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O’LEARY EYES ‘ISRAELI RYANAIR’ -  An "Israeli version of Ryanair" is being eyed by the airline, chief executive Michael O'Leary has told The Irish Independent.

He confirmed that the scale of the airline's ambition in Israel extends far beyond operating just a few flights to the country.

Ryanair has previously indicated it wants to fly to Israel, but the extent of its plans for the country come despite political and military tensions in the region.

Mr O'Leary said Ryanair is also still keen to launch services to Russia from Ireland, despite tensions there.

He blamed a lack of support from tourism authorities as the reason for the delay in launching the routes.

"We're actively talking to the Israeli authorities, but the difficulty is that once you go outside Europe you need to have, in this case, an Israeli air operator's certificate," he explained. 

"But it's still very much on the front foot for us. But the Israeli authorities have got much more nervous about protecting El-Al from competition because of the recent events.

"What we're looking to do in Israel is something much bigger," said Mr O'Leary, adding that he hopes for an Israeli version of Ryanair.

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RETAILERS CALL FOR BUDGET TAX CUT – The Irish Examiner reports on pre-budget calls from Retail Ireland, which wants the Government to cut taxes in an effort to boost domestic spending and spur economic growth.

The lobby group, which is part of Ibec, has also called on the Government to freeze or reduce consumer taxes; incentivise retailer investment in town centres and encourage use of vacant outlets; impose no new costs on retailers and make it cost-effective for retailers to hire new staff by reversing last year’s changes to employers’ PRSI.

“Sales have grown every month this year, but the retail recovery shouldn’t be taken for granted. Tax cuts will boost disposable income and increase spending in the domestic economy. This will translate into thousands of new retail jobs,” said Retail Ireland chairman, Frank Gleeson.

If the nascent recovery in consumer spending is maintained, then this would lead to an increase of 1.9% and 2.9% next year. 

Moreover, an improvement in consumer sentiment would cause consumers to save less. The savings rate, which peaked at 16.1% in 2009 is now falling back to a more normal level of 8%.