The Dublin Daily News, scheduled to launch late next month, is reported to have hired 70 per cent of its staff.
Among journalists recruited are Ken Whelan, from Ireland on Sunday, as news editor; Cathal Dervan, also from Ireland on Sunday, as chief sports writer; Fionnuala McCarthy, former editor of U magazine, as features editor. The editor of the new paper, Liam Hayes, was founding editor of Ireland on Sunday.
Deputy editor Douglas Dalby, comes from Digiserve, responsible for the online.ie website; production editor Fiachra O’Marcaigh was previously at The Irish Times.
The new daily will have strong links with online.ie and it is likely that classified advertisements will also be placed on the website.
Managing director Colm Grealy said the newspaper would focus on Dublin issues in a way that papers such as the Evening Herald and Irish Star is not.
Media group Archant has taken a e1.5m (£1m) stake in the project, giving it a 20 per cent share.
By Des Cryan in Dublin