ALTERNATIVE rock station Phantom 105.2 is understood to be expanding its circle of investors in a bid to boost reserves.
The niche station revealed heavy losses during its latest financial results. In its last published financial report for the year to the end of October 2009, the four-year-old Dublin station reported an accumulated loss of €2.3m.
It's understood that the original investors in Phantom all wish to remain in place.
It lists among its directors Trevor Bowen of Principle Management, MCD's Denis Desmond, U2 manager Paul McGuinness and accountant Paul Kavanagh.
€7m handout for TV content
A TOTAL of €7m has been allocated to television projects by the Broadcasting Authority of Ireland (BAI).
The 38 TV projects explore the themes of Irish Culture, Heritage and Experience and this is the first round of funding to be approved by the BAI, which was established in October 2009.
Separately the BAI has indicated that it wanted to increase the amount of advertising allowed on commercial stations from 10 to 12 minutes per hour.
IT firm boosts online buying
Technology firm 10CMS has developed an innovative software package for online shopping.
The group, which was founded by three Cork IT workers, is expected to deliver sales of €800,000 in 2010.
So far 50 of Britain's leading retailers have embraced the online technology and that figure is expected to double by the year end. While 10CMS employs 16 people, the company anticipates that this will rise to 30 within the near future.
Year of Craft in Council sights
THE Crafts Council of Ireland has appointed PR consultancy MD Media to co-ordinate its affairs ahead the organisation's 40th anniversary next year.
MD Media, in association with D'Arcy Marketing and PR, will handle its public relations in the run-up to the campaign for the 2011 Year of Craft.
The promotional campaign aims to highlight the craft industry and to create public awareness of the amount and quality of the craft available at home and abroad.