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FM104 Sale Approved

The BCI has, ‘in principal’, approved the sale of local Dublin station FM104 to Today FM owners Scottish Radio Holdings for close to €30m.

The BCI has, 'in principal', approved the sale of local Dublin station FM104 to Today FM owners Scottish Radio Holdings for close to €30m. This is despite a BCI-imposed moratorium on the sale of a newly-licensed station for two years. FM104's licence was renewed recently, however the Commission took into account that there were no challengers for the licence, as well as an undertaking by Scottish Radio Holdings that they would adhere to the conditions of the licence.

This is despite a BCI-imposed moratorium on the sale of a newly-licensed station for two years. FM104’s licence was renewed recently, however the Commission took into account that there were no challengers for the licence, as well as an undertaking by Scottish Radio Holdings that they would adhere to the conditions of the licence.