Connacht Tribune takes control of radio station

THE CONNACHT Tribune has taken sole control of the Galway Bay FM for a multi-million euro sum.

The paper held 27% of the shares in the station and yesterday said it would buy out the other shareholders, who include local businesspeople and the Catholic Church.

The Connacht Tribune did not disclose the value of the deal, but the price paid is believed to be worth several million euros, based on prices paid for other stations in the region. Last year Scottish Radio Holdings agreed to buy Highland Radio in Donegal for €7 million.