Due to this success, Hugh McLaughlin decided to continue to publish indigenous Irish magazines.
He believed he could repeat in business media the success that was achieved by Irish Farmers Journal, which he had played a key role in establishing.
[1] Business and Finance was initially owned equally by McLaughlin himself; Noel Speidel, a surveyor with whom he had carried out successful property developments in Dublin, and its founder-editor Nicholas Leonard, who resigned as the financial editor of The Irish Times to join it.
Following this, the Carr family, who were previously the largest shareholders in the News of the World, bought the majority holding in Creation group.
By 1977 Creation went into liquidation, which resulted in magazine titles being sold and in 1978 Independent Newspapers took a 54 per cent stake in the Sunday World.