Its Irish titles are being put up for sale in order to raise an estimated £70m and allow it to pay down some of its enormous debt.
According to the FT-
A formal prospectus will be issued in the next few days, according to those familiar with the deal. The titles are expected to be sold for a fraction of the original investment.
The group paid around 317m euros for the newspaper assets of Scottish Radio holdings,various local papers and the Leinster leader titles during a frenzied attack on the Irish market
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