The Broadcasting Authority of Ireland has granted permission to the board of directors of Dublin Rock Radio Ltd, trading as Phantom 105.2, to restructure the business.
The change, they say, will ensure its long-term viability after operating as an alternative rock music station since it launched in 2006. Phantom will continue to deliver an “alternative music service” after the restructure.
And The Journal reports at least three members of staff have been made redundant today at the station, co-located with Newstalk and Today FM in Marconi House Dublin.
It has been reported elsewhere that almost 20 people are losing their jobs and the station will be using much more automation instead of live programmes.
Trevor Bowen, Chairman of Dublin Rock Radio Ltd said: “Phantom has been a labour of love that has paved the way for many up-and-coming bands over the years and, as a result, the station has a core loyal following. That is testament to each member of the Phantom team – whose personal passion for music shines through on a daily basis.
“It is with regret that we are announcing the station’s proposed restructuring plan to continue to deliver an alternative music service for young Dubliners. However, in doing so, we are ensuring the future of the offering and we aim to return to growth in the future. I would like to thank the team at Phantom for their ongoing dedication and patience during this difficult time.”
The BAI says: “Despite the stations point of difference in music its market position is niche and has been disproportionately affected by ongoing reductions in advertising revenue in an increasingly competitive market.”