“Few will dispute that “the Irish media for the last 10-15 years have had a crucial economic stake in a rising property market.” It is no secret for instance that in July 2006 the Irish Times bought the property website MyHome.ie for EUR50 million or that three months earlier Independent News & Media acquired PropertyNews.com…”.
“However, this relationship between media and business is not a simple one. It is inconceivable that the media, a wildly disparate group of individuals working in a variety of organisations, all with differing codes of practice and economic and ideological objectives, conceived a plan to inflate the property bubble. So if we discount collusion and mere chance, there must be something else.”
“One element of this relationship that could be considered unhealthy is the seeming interdependence of journalism, government and big business. This is no more evident than in the property sector. Estate agents and developers are not only consulted as experts, they themselves file copy.”
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