Tuesday, July 17, 2007

Highland Radio sold

The company that owns Highland Radio has sold it. See RTE for more details:
http://www.rte.ie/news/2007/0716/obriend.html?rss

A company owned by businessman Denis O'Brien has purchased Today FM, FM104 and Donegal's Highland Radio from Emap ...

An Emap statement to the London Stock Exchange said that Mr O'Brien's Communicorp paid £135m (€200m) for the three stations ...

London based Emap, the publisher of Closer and Grazia magazine, decided to sell its radio stations in Ireland some months ago so it could concentrate on digital media ...

'The sale is conditional upon obtaining certain necessary regulatory clearances which are expected to be obtained in the second half of our financial year', Emap's statement said today ...

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