'Dublin Daily' creditors to attend meeting

The Dublin Daily's former staff will find out today whether they can hope to get any of the money owed to them at the final creditors…

The Dublin Daily's former staff will find out today whether they can hope to get any of the money owed to them at the final creditors' meeting of the Dublin Daily News company this morning.

The Dublin Daily, later the Dublin Evening, ceased publication suddenly two weeks ago after the English Archant publishing group pulled out of the venture. The paper had been in existence since March 11th.

All creditors have been invited to attend the meeting at 11 a.m. in at the Regency Airport Hotel in Dublin to vote on the appointment of a liquidator. The company's appointed liquidator is Dublin accountant Mr George Tilly O'Hare.

The paper is said to have sales as low as 8,000 on occasion. Its target for the first year was 25,000 a day and an estimated €4.5 million was invested in it since March.

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The Irish organiser of the National Union of Journalists, Mr Séamus Dooley, said he would attend the meeting and his particular focus would be the substantial amount of money owed to freelance reporters and writers for their work.

Some former staff contacted yesterday said they did not plan to attend this morning's meeting.

One, a journalist, said there was particular bitterness that the final pay cheques, handed out to staff on the morning management announced the paper's closure, had bounced. Another member of staff said she believed a lot of questions would be asked at this morning's meeting. "When the closure was announced, people were in shock. I think there's a lot of anger now," she said.

Kitty Holland

Kitty Holland

Kitty Holland is Social Affairs Correspondent of The Irish Times