Sale of Irish radio stations nears end

THE sales process surrounding five regional radio stations that have been on the market for much of the year could finally be concluded before the end of September.

The Co Tipperary station, Tipp FM; Donegal station, Ocean FM; Mayo’s MidWest Radio; Kilkenny’s KCLR and KFM in Kildare are currently separately owned but look set to go for around €50m to a consortium led by former Scottish Radio Holdings boss, Richard Findlay.

Mr Findlay has been in a position of three-month exclusivity for combined bid since the mid-June. He is currently visiting each station and carrying out due diligence.