Deal agreed to save Tribune

Staff, management and the National Union of Journalists have agreed a last-minute plan to stave off closure of Tribune Magazine.

According to sources within the magazine, it was agreed this evening (Friday) that the title should become a co-operative. Publisher Kevin McGrath has offered to take on historical debts and release the title “debt free” and told the meeting that he would do everything possible to help the success of the transfer to a co-operative.

Terms are to be drafted in time for a full meeting of the Tribune staff, which has to approve the deal, on Monday.