81 jobs secured in Rivermedia restructuring

A major restructuring programme has been confirmed by River Media Newspapers, which the company says will save 81 jobs. Six titles are owned by the company, four in the republic and two in the North.

As part of the package, a receiver to the group's four papers in the Republic and an administrator to its two titles in the North.

The company says it had been trading profitably over the past year but was hampered by a very large historic debt burden.

There will be no effect on the company's papers, all of which will continue to publish as normal.

They are the Letterkenny Post, Inish Times, Donegal Post and Kildare Post in the republic, and the Derry News and County Derry Post in the North.