The Ditch news website was given €450,000 by Web Summit last year, according to accounts just filed by Manders Terrace Ltd, the company behind the tech events. The news organisation, which is owned by two journalists, has been championed and promoted by the Web Summit chief executive Paddy Cosgrave. Asked today if any money has been given by Web Summit to the news site in 2024, a spokeswoman referred back to last November’s statement which said the funding relationship had concluded. This was in turn controlled by Adam Connon, general counsel to the Web Summit. The accounts show that, at year end, Web Summit had €31.2m in cash reserves, up from €19m in 2022.
