The broadcaster went into administration in December after three years on the air.
“The Irish Post is delighted to have agreed the terms for the purchase of these assets and complements our own moves into the digital arena with video journalism and broadcasting becoming more prevalent everywhere,” a spokesperson for the London-based newspaper said.
“We see a strong future for Irish TV and indeed The Irish Post on small screen platforms like Facebook and Instagram, which can be successful away from the traditional large screen broadcast networks. There is also the opportunity to supplement this by a return to Sky and other TV platforms.”
The premise of the channel was to show local Irish news stories and lofe to the Irish community overseas and as such is a good fit with the British-based newspaper that itself. targets the Irish abroad.
To date Irish TV had been bankrolled by John Griffin, a London-based millionaire who sold his Addison Lee cab business for £300 million two years ago.