The Tony O'Reilly controlled Columbia Investments purchases Independent Newspapers.
Tony O'Reilly took control of the Irish Independent and its other publications through his family investment company Columbia Investments on 16 March 1973.
This is Tony O'Reilly's first venture into the world of the media. From his home in County Kildare, he tells Kevin Healy why he is entering the newspaper business.
For Tony O'Reilly, this is very much a commercial venture and he plans to continue the "aggressive commercial stance" of the newspaper group.
I believe that the Independent, in commercial terms, represents the finest media opportunity in Ireland.
He believes that Ireland produces some of the finest newspapers in the world and Irish people have a great interest in the printed word.
With concern surrounding the ownership of so many newspapers by just one man, Tony O'Reilly is keen to express the commercial and editorial freedom of each newspaper.
'This Week' was broadcast on 18 March 1973. The presenter is Kevin O'Kelly and the reporter is Kevin Healy.