Foundation, Collapse and First Relaunch
The newspaper was founded in 1980 by John Mulcahy as a tabloid with Conor Brady (later editor of The Irish Times) as its first editor. Format changed to broadsheet with addition of colour supplement magazine after first year. It was moderately successful but its growing financial stability (it had not yet made a profit but was moving in that direction) was undermined when its then owner, Hugh McLaughlin, launched the financially misjudged downmarket tabloid Daily News in 1982. The News proved to be a publishing disaster, with poor quality printing, bad distribution, and misjudged content, and pulled its sister paper, the Tribune, down with it within weeks. The Tribune went into receivership. The title was bought by Vincent Browne, who relaunched it in 1983 and became its editor.
Read more about this topic: Sunday Tribune
Famous quotes containing the word collapse:
“I confidently predict the collapse of capitalism and the beginning of history. Something will go wrong in the machinery that converts money into money, the banking system will collapse totally, and we will be left having to barter to stay alive. Those who can dig in their garden will have a better chance than the rest. I’ll be all right; I’ve got a few veg.”
—Margaret Drabble (b. 1939)