Radio station on course to break even in 2011 despite losses of nearly €1m

LIMERICK-based radio station Spin South-West remains on course to break even by the end of 2011 despite its latest set of accounts showing a loss of nearly €1 million.

The station’s accounts show a loss of €967,000 for 2008, broadly similar to losses made in the previous year, but an improvement in that the station only operated for six months in 2007.

Station chief Aevann Upton said that the business remains “robust” despite the economic downturn and continues to be the most popular station in the region for its target audience of 15- to 34-year-olds.