Our Company. He might also have made the calculation that this is the best price he is ever going to get for Communicorp. Two … Irish billionaire businessman Denis O'Brien and Norman Houston, Director of The Northern Ireland Bureau, were the guests of honor at the 2019 Ireland-US Council dinner in New York. Member FINRA / SIPC. Please enter your email address so we can send you a link to reset your password. Billionaire telecoms and IT investor Denis O'Brien has revealed a €30m investment in ChinaHR, the China-based online recruitment business he owns with Leslie Buckley. 1 Oct 2012 747 Views. Why is loyalty punished when it comes to Irish mortgages? No information provided on this site is intended to constitute an offer to sell or a solicitation of an offer to buy shares of any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under securities laws of such jurisdiction. bitcoinrevolutionunitedkingdomreview.com/denis-obrien-bitcoin-era-review-2020 This name will appear beside any comments you post. Copyright 2020. The station was a hit with listeners, offering a music alternative to RTÉ, later raking in huge advertising revenues in the Celtic Tiger years. Interestingly, Newstalk will be only the second talk station in its portfolio along with one in Poland. Email: dobrien@ifgrr.com, Securities and advisory services are offered through Independent Financial Group, LLC (IFG), a registered broker-dealer and investment advisor. The O'Brien-owned Communicorp is Ireland’s largest commercial radio group with a weekly audience of more than 1.75m listeners. OSJ Branch: 12671 High Bluff Dr. Ste 200 San Diego, CA 92130. Listen to Retirement, Life, and Investing with Denis O’Brien every Saturday from 10:00-11:00a.m. 232 Greenmanville Avenue, Suite 1-07, Mystic, CT 06355, Phone: (860) 415-9614 The sale of Communicorp to Bauer Media Audio represents Denis O’Brien’s exit from Irish media after 30 years of decidedly mixed fortunes. The richest individual born in Ireland is communications and media entrepreneur Denis O'Brien, whose considerable assets span the telecoms, media and hotels sectors, among others. It quickly sold on FM104 and Highland for an aggregate €62 million. Do young people really need to go back into the office? O’Brien Retirement Investment Group is an advisory firm located in Mystic, CT providing products and … The account details entered are not currently associated with an Irish Times subscription. ... Denis O'Brien invests in new Centre of Cloud Computing at National College of Ireland. Please contact the sender immediately if you have received this message in error. BY O’BRIEN RETIREMENT INVESTMENT GROUP PRESIDENT, DENIS O’BRIEN MBA. In 2008 a customer alleged Denis O’Brien, while employed at Morgan Stanley & Company, executed unauthorized trades of Empire Resources. We are affiliated with Independent Financial Group, LLC as our broker dealer and service center. The material contained herein is confidential and intended for the address recipient. Host of the “Retirement, Life and Investment” radio show on Saturday mornings from 10-11am on News Now radio on 94.9FM. NTMA pulls Davy as Government bond dealer before auction, Ireland to have highest debt per head in Europe this year, RTÉ confirm presenter Eoghan McDermott will not return to radio show, GE close to selling aircraft leasing business to Dublin’s AerCap, ‘Global cybersecurity crisis’ builds from attack on Microsoft email software, ‘The robot vacuum cleaner is the best money I’ve spent in a long time’, Davy’s secret partnership leaves it fighting biggest crisis in decades, Return of BBC Three shows that linear TV isn’t quite dead yet, Inside Business with Ciaran Hancock - Dublin Bus CEO Ray Coyne on the future of transport in the city, Frequently asked questions about your digital subscription, Specially selected and available only to our subscribers, Exclusive offers, discounts and invitations, Explore the features of your subscription, Carefully curated selections of Irish Times writing, Sign up to get the stories you want delivered to your inbox, An exact digital replica of the printed paper, Dublin Bus CEO Ray Coyne on the future of transport in the city. We reserve the right to remove any content at any time from this Community, including without limitation if it violates the, For the best site experience please enable JavaScript in your browser settings, Denis O’Brien’s decades of investment in Irish media gained him almost nothing, ‘Ireland is a great country, but we can’t help ourselves being nasty to people sometimes’, Denis O’Brien’s media departure: ‘No politician will shed any tears’, Davy group of 16 face possibility of personal sanction from Central Bank. Pitt’s protected disclosure to the Office of the Director of Corporate Enforcement set in motion a series of events that led to High Court inspectors being appointed to investigate a major data breach at INM, which it is alleged was directed by Buckley and paid for by O’Brien. O’Brien will be 63 in April and he may feel the time is right to exit the business and focus on his other interests, notably his Digicel mobile empire in the Caribbean and the Pacific Islands. PRESIDENT, DENIS O’BRIEN MBA. For the first time in 32 years, Denis O’Brien is no longer an Irish media mogul. He was listed among the World's Top 200 Billionaires in 2015 and is also … When you have reset your password, you can, Please choose a screen name. Denis O'Brien: 'Rottweiler' grits his teeth for another fight. During the said interview, Denis told BBC that he plans to make a huge investment in Bitcoin Evolution. Bauer later acquired Emap, with Keenan moving with the business. If you have lost money investing with Denis O’Brien… For Mr O’Brien, a veteran of many scrapes who made his first fortune winning Ireland’s second mobile phone licence in the 1990s and then selling to British Telecom, the coming months will be critical. Check the background of investment professionals associated with this site on FINRA’s BrokerCheck. Moving to a right-sized home: What are your options? Mr O’Brien reportedly lost more than €450m on his investment in the INM, which prints the Belfast Telegraph, Sunday Life and Independent newspapers. That was before the pandemic hit media advertising last year. Ken Early: Klopp all at sea as Liverpool continue to flounder, Irish-owned enterprises raise their spend on R&D activities, Discover a family affair with whiskey and own a piece of the story, Building a resilient workforce to help shape a ‘new better’, New EU labelling system for appliances gets top marks, How to save money on your house sale - and what to do with it. Bauer Media Audio’s chairman Paul Keenan was a senior executive with UK group Emap when it sold the three Irish stations to Communicorp in 2007. Have a question? Bauer is a German private company with about 100 radio stations in eight European countries, including Magic, Kiss, and Absolute Radio in the UK. The price has been reported at about €100 million, … O’Brien’s exit from Irish media also means the departure of the industry’s most dominant personality Denis O’Brien cuts a curious figure at the top of Irish business, almost like the man who is … It is not clear if O’Brien has actually made any money from the sale. It is thought to run a tight ship. Robert Pitt, INM’s then chief executive, resisted the proposal, after Davy placed a top value of €14 million on the business in an exercise for INM. An O’Brien Retirement Investment Group advisor will be happy to answer any questions you have about your financial situation. The billionaire, said to be Ireland’s richest man, is a firm believer in having the right to a good name. BY O’BRIEN RETIREMENT INVESTMENT GROUP Davy Q&A: Who was involved, what happened and what is the likely fallout? Host of the “Retirement, Life and Investment” radio show on Saturday mornings from 10-11am on News Now radio on 94.9FM. Designed by Elegant Themes | Powered by WordPress, The Retirement, Life and Investing Radio Show, Client Personal / Insurance / Estate Information, What Client Needs to Bring to Appointment. Photograph: Alan Betson. The various legal cases connected with INM will probably take years to play out. Therefore, do not send orders to buy or sell securities or other instructions relating to your accounts via e-mail. Will the new first-time buyer plan push up house prices? The IFG registered representatives associated with this website may only discuss securities or transact business with persons who are residents of AZ, CA, CT, DC, FL, ME, MD, NC, ND, NJ, NY, PA, RI, VA, VT . Please subscribe to sign in to comment. O’Brien’s sortie into print media, via a near 30 per cent stake in Independent News & Media (INM), beginning in 2006, also left him nursing substantial losses, reported to be about €500 million by the time he exited two years ago. Denis O’Brien’s decades of investment in Irish media gained him almost nothing Forays into Irish newspapers and radio have caused magnate nothing but grief Fri, Feb 26, 2021, 05:17 … In 1989, Denis … Denis O’Brien loses hundreds of millions in sale of Ireland’s biggest newspaper publisher Published: 30 Apr 2019 Independent News & Media to be sold to Belgian group It provided the foundation stone for Communicorp, which would go on to own a stable of media assets across Europe and provided the financial resources for O’Brien to launch his business career in the mobile sector. Serving as a Registered Representative for over 35 years, Mr. O’Brien has MBA in Finance from Binghamton University and is currently President of O’Brien Retirement Investment Group LLC in … The complaint settled for $27,500. Denis O’Brien is exiting the Irish media landscape after three decades of mixed returns. Denis O'Brien (born 19 April 1958) is an Irish billionaire businessman, and the founder and owner of Digicel and Communicorp. Your screen name should follow the standards set out in our. O’Brien Retirement Investment Group and IFG are unaffiliated entities. A change in ownership brings hope of new ideas and fresh investment. To comment you must now be an Irish Times subscriber. But the price paid by Bauer clearly doesn’t reflect the €138 million valuation of more than a decade ago. The Irish radio stations have been subjected to various cutbacks and resource limitations in recent years. Most of the loans would have related to financial support for Newstalk, the national talk radio station that has racked up huge losses over the years. Bitcoin Evolution is a business venture supported by British and US investors. The Marriott Port-au-Prince, which officially opened … Denis O'Brien at the Marriott Port-au-Prince opening: Second from left, the Digicel founder owns the $48 million hotel property that is managed by Marriott. Learn the stories of clients, Wall Street and of life, with tips on how to approach the great adventure called Retirement! In 2007 Communicorp joined the buying frenzy for Irish radio assets by splashing €200 million to buy national station Today FM, FM104 in Dublin and Highland Radio in Donegal. The full economic impact of the pandemic has yet to be felt in the Irish economy and there could be a major financial hit for an advertising-led business such as Communicorp, which has had its own financial struggles in recent years. This is not clear. Denis has a wide number of investments in several sectors including media, property, leisure and industrial services. Just fill out the form below and we will contact you to discuss your specific questions in greater detail. This led to a row between Pitt and Leslie Buckley, INM’s chairman and a long-time business associate of O’Brien. DENIS O'BRIEN has cast a long shadow and lost a lot of money as a major investor in Irish media across three decades. ... O’Brien Retirement Investment … O’Brien Retirement Investment Group is an advisory firm located in Mystic, CT providing products and services. Electronic communications are not necessarily confidential and may not be delivered or received reliable. The Retirement, Life and Investing Radio Show with Denis O’Brien of O’Brien Retirement Investment Group. O’Brien, Ireland’s richest man, is the biggest INM shareholder, with a 29.9% stake, and will receive €43.5m from the deal. The sale of Communicorp marks the end of an expensive three decades in radio for businessman Denis O’Brien, who invested well over €150m in shareholder loans and equity in the … The latest accounts for the media group show that he had loans with Communicorp of €104.2 million at the end of 2019. Huawei hiring for 110 new jobs as it ups R&D investment in Ireland. As well as Today FM and Newstalk, it operates regional … It all began for O’Brien and Communicorp when he won the Dublin radio licence for 98FM in 1989 in the early days of commercial radio. on 94.9 News Now and Stimulating Talk! Denis O’Brien’s decades of investment in Irish media were worth next to nothing. The price has been reported at about €100 million, which is thought to equate to more than 10 times’ earnings. Mr. O'Brien is Chairman of the privately-owned telecommunications company Digicel Group. If you are not the intended recipient for this message, any review, dissemination, distribution, or duplication of this email is strictly prohibited. The amount provided by O’Brien hasn’t been … O’Brien cut his ties to INM when it was sold to Mediahuis in mid-2019 for €145 million. Today FM was highly profitable before the financial crash and before media became disrupted by digital. The latest accounts show majority shareholder Denis O'Brien's financial support to the group increased during the year, bringing his total loans to Communicorp to €104.2m from €101.6m. Why has he decided to sell Communicorp now? A … He is a former recipient of the Ernst & Young Entrepreneur of the Year Award. Businessman Denis O’Brien has funded the new Centre of Cloud Computing which will be based at the National College of Ireland in Dublin. You should receive instructions for resetting your password. In a Guardian interview in 2011, he said Bauer prefers “to let our brands speak for themselves”. Billionaire Denis O'Brien will crystallise a loss of more than €450m on his investment in Independent News & Media (INM) following its sale to Mediahuis. An abandoned 2015 Wall Street flotation, which hit plans to trim long-term debt by up to $1.3 billion, and a succession of testing bond maturities have piled pressure on the business. It he remains good to that pledge, the future could be bright for the Irish stations. Commenting on The Irish Times has changed. The businessman looks set for another … The sale of Communicorp to Bauer Media Audio represents Denis O’Brien’s exit from Irish media after 30 years of decidedly mixed fortunes. February 26, 2021 Others 0 Views. With a $1.3 billion repayment looming in April 2021 and a series of maturities reaching $3 billion in the following 18 months, he must make tou… He succeeded in wresting control of the media group from Sir Anthony O’Reilly and his family but did so at the worst possible time, with the State in the middle of the troika bailout and print media being disrupted by digital and new media. All Rights Reserved. Communicorp’s staff will be wondering what lies ahead for them. In 2016, O’Brien tried to sell Newstalk to INM for €35 million. 94.9 FM News Radio Now 10am Saturday Mornings.