Bidders for over-45s radio licence differ on revenue

THE two bidders for the multi-city over-45s radio licence have differed over the potential revenue the new station could generate.

At an oral hearing before the licence is awarded in January by the Broadcasting Commission of Ireland, it was stated that the two bidders — 4FM and More FM — expect to generate different revenues over the life of the contract.

More FM, which is owned by TV3, said if awarded the licence, it plans to invest €11 million in the new station.