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:
“At the crash of economic collapse of which the rumblings can already be heard, the sleeping soldiers of the proletariat will awake as at the fanfare of the Last Judgment and the corpses of the victims of the struggle will arise and demand an accounting from those who are loaded down with curses.”
—Karl Liebknecht (1871–1919)