Tuesday 28 February 2017

Sale of UTV radio assets moves ahead

Donal O'Donovan

Donal O'Donovan

News Corporation Chairman and CEO Rupert Murdoch.
News Corporation Chairman and CEO Rupert Murdoch.

THE sale of radio stations including Dublin's FM104, LMFM in Louth and Meath, Cork's 96FM and Live95FM in Limerick to Rupert Murdoch's News Corp in a £220m (€259m) deal has cleared another hurdle.

The deal includes the sale of the talkSPORT radio station in Britain.

The Competition and Consumer Protection Commission has now approved the takeover of the Wireless Group by News Corp. Wireless Group's Ireland division, Radio Ireland, includes seven radio stations, broadcasting from Dublin, Cork, Limerick and Drogheda.

The sale will signal the final break-up of UTV. The broadcaster was split in two this year when ITV bought the TV arm for £100m and the remaining radion assets renamed Wireless Group.

Irish Independent

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