first_imgFor Sale: River Media’s HQ is up for saleRIVER Media, the company forced to close half a dozen newspapers during the recent recession, is selling off its final three offices in Co Donegal.Its headquarters in Letterkenny is included in the sell-off.Commercial property experts Sherry Fitzgerald Rainey says the offices of the Letterkenny Post, the Donegal Post and Inish Times are being offered for sale. Potential purchasers are being offered vacant possession, or a one-year rental by the newspapers after purchase.The Letterkenny Post, at Dry Arch Business Park, is being sold for €125,000.The Donegal Post office unit at Gruagorm House is for sale for €65,000.The Inish Times office on Buncrana’s Main Street was sold this week – it had been on the market for €110,000. River Media went into receivership in 2011, re-emerging after doing a deal with its creditors including AIB/First Trust.In 2009, the company made a loss of just under €1.7m after a €3.3m loss in 2008. RIVER MEDIA HQ AND 2 NEWSPAPER OFFICES PUT UP FOR SALE was last modified: October 8th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:debtsDonegal Postfor saleInish TimesLetterkenny PostnewspaperOfficesRiver Mediastrugglinstrugglinglast_img

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