Six full time staff at ‘alternative rock’ station TXFM are set to lose their jobs with the news that the Dublin radio station is to close.
A date for when the station, now running for two years, will come off air has yet to be finalised, but it will happen no later than October.
It is understood that the station made the decision not to renew its license due to its precarious financial position.
Independent.ie has learned that the BAI will meet with station bosses following a chat with staff in the coming weeks and a decision regarding a date for closure will be made.
There had been two expressions of interest for the license, including from Simon Maher – a founder of Phantom 105.2, TXFM’s predecessor.
The station confirmed the news in a tweet this afternoon.
"It's been an amazing two years,. Sorry we can't stay with you forever. Stay listening, though; we're still on aire for the next while," the tweet read.
However, no applications to take over the license had been made by the deadline yesterday.
The contract for the station is currently held by Dublin Rock Radio Limited, which broadcasts as TXFM. It is scheduled to expire on 31 October 2016.
TXFM was known as Phantom 105.2 before rebranding in 2014.