Lite Bids

Three different radio groups have made bids to buy a majority shareholding in Lite FM, the Dublin-based easy-listening station, according to today’s Sunday Tribune. The station’s Managing Director, Martin Block, confirmed that the approaches had been made but did not reveal the identity of the bidders nor the amounts offered. He did say that discussions are ongoing and that – although Lite FM would prefer to build it’s own Irish radio group – if someone offered the shareholders a huge amount of money it would be hard for them not to accept.