FM104 Sale Finalised

An agreement has been finalised to sell Dublin station FM104 to Scottish Radio Holdings for a figure of around €30m. It is expected to be discussed by the BCI this week. However, only last year the Commission prevented UTV from buying FM104 due to an imposed two year moratorium following the award, or renewal, of a station’s licence – and FM104’s two years have yet to elapse following the recent local radio licensing renewals. Scottish Radio Holdings already own national station Today FM.