Newstalk owner acquires Cork's Red FM

The acquisition will be subject to regulatory approval by the competition authority.

Red FM is Cork's most popular radio station with more than 129,000 listeners. Its roster of broadcasters includes Neil Prendeville, Philip Bourke and Dave Mac’s Drive. Picture: Denis Minihane.

Bauer Media Audio, the owner of Newstalk and TodayFM radio stations has entered a deal to acquire one of the country's biggest regional stations, Cork's Red FM.

The German media giant acquired the Communicorp radio group in February of last year in a deal understood to be worth over €100m which marked the end of Denis O’Brien’s involvement in the Irish media market.