The Communications Minister Denis Naughten says he sincerely regrets expressing a personal opinion on what would happen with the proposed INM takeover of Celtic Media.

But the Roscommon-based Minister insists he did nothing wrong.

He's come under criticism for allegedly telling a representative of Independent News and Media, Eoghan O'Neachtain, that the proposed merger with Celtic Media would be referred to the Broadcasting Authority of Ireland for scrutiny.

The conversation took place before the Minister made that information public, and it's argued this would have given INM a competitive advantage, in breach of stock market rules.

But Minister Naughten claims he said that sending it to the BAI was likely, not guaranteed:

Meanwhile Fianna Fail is not calling for Denis Naughten’s resignation, but wants the Taoiseach to explain why he’s happy with the Minister’s explanation of the matter.

Last night, Leo Varadker said Minister Naughten had given a clear explanation of what happened, but Mayo Fianna Fail TD Dara Calleary says the issue is very serious, and the Taoiseach has to explain why he’s happy with Minister Naughten’s explanation.

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