Joe Media UK has been bought out of administration by investment fund Greencastle Capital. Going forward both the Irish and UK arms of Joe will be run by the London-based media group Iconic Labs. Joe Media, which was previously majority owned by entrepreneur Niall McGarry, generates in excess of £10m of revenue per year, a statement from Iconic Labs said. Iconic Labs said it expects Joe Media to return to profitability by next year. Going forward they intend to appoint representatives from Iconic Labs to the board of JOE media.

Source: Irish Independent July 08, 2020 09:43 UTC