Thomas Crosbie Holdings, the media group which owns the Irish Examiner and Sunday Business Post, is considering restructuring its debt.
The company owes banks €28m and the group's biggest creditor is AIB.
The AIB has hired KPMG to review the business while Thomas Crosbie Holdings has engaged Grant Thornton.
It is understood securing the agreement with AIB, which is State owned, would be critical to any restructuring deal.
Thomas Crosbie Holding's CEO Tom Murphy declined to return calls seeking comment.
Latest accounts for the company are for the year ended January 2, 2011 and show it had total sales of €70.8m down from €82.5m a year earlier.
The company suffered a pre tax loss of €6.3m for the year ending January 2011.
Ulster Bank holds a legal charge on the company's 3.6 acre site at Mahon, Co Cork comprising a 46,000 square foot printing facility.
AIB has a charge over the assets of the company and certain fellow companies and over 97 South Mall, Cork.
The group is one of the country's largest media companies and owns newspapers the Evening Echo, Western People, Kildare Nationalist, Laois Nationalist and the Waterford News and Star.
It owns radio stations WLRFM, Beat 102, Red FM and Mid West Radio.
