Scottish Radio profits down 20%

SCOTTISH Radio Holdings, the media group that owns Today FM, said yesterday that full year profits had fallen by nearly 20%.

The company did not strip out the figures of its extensive Irish operations from the group, but said its radio interest here had performed well during the period.

Scottish Radio recently announced it has acquired Dublin commercial station FM104 for 26 million. The deal is waiting on the approval of Tánaiste Mary Harney and the takeover is currently being investigated by the Competition Authority. This investigation is expected to take several months. While Today FM is a national station, it and FM104 are both based in Dublin and have significant market shares in the city.