Communicorp Group set to be sold to Bauer Media

Today FM and Newstalk owner Communicorp Group is set to be acquired by Bauer Media Audio subject to regulatory approval.

Denis O’Brien’s radio group, which also runs SPIN 1038, SPIN South West and 98FM, would put the stations under the same ownership as Downtown Radio and Cool FM in Northern Ireland.

Off The Ball, digital audio exchange audioXI and aggregated listening platform GoLoud is also included in the sale along with the online stations.

Communicorp UK, which runs brands under franchise from Global, is not part of the deal.

Today FM was previously bought by Scottish Radio Holdings in 2002, which was sold to Emap (Bauer) in 2005 and sold to Communicorp in 2007.

Paul Keenan, President of Bauer Media Audio comments, “Radio is very popular in Ireland with more than 80% of the population tuning in every week. The industry makes a vital and much-valued contribution to the country’s rich cultural landscape.

“Communicorp’s award-winning radio stations are reaching record listening highs, and the combination of these highly valued audiences offered alongside fast growing and innovative digital brands means they are well positioned to capitalise on the future development potential of the wider world of audio.

“This offers more choice for listeners alongside enhanced, targeted solutions for advertisers. We are very much looking forward to working with Communicorp CEO Simon Myciunka and his talented team.”

Commenting on the announcement, Communicorp Chairperson, Lucy Gaffney, said: “Communicorp has been at the forefront of Ireland’s media industry for over 30 years and this agreement marks the culmination of an exciting and dynamic journey, which has enhanced and transformed radio in Ireland.

“Hundreds of incredibly talented and special people, both in front of and behind the mic, have made that journey possible and I want to thank them for their enormous contribution to the company. I also want to thank our advertisers, our stakeholders and especially our listeners, for their support and loyalty over many years.

“Finally, on behalf of the Board, I wish Bauer and everyone at Communicorp continued success for the future.”

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1 Comment
  1. Peter Tankard says

    HI from Peter tankard in Sheffield. I don’t like what Bauer Media is doing to all the local radio Stations in the UK. they all sound the same now there is no choice anymore at all. There stations all sound the same very boring. and the stations no longer reflect what is happening in the local town or city were that station comes from so all the local people lose the local radio stations and that Just leaves BBC Local radio left but for how much longer. I listen to sunshine 855AM from Ludlow the signal on AM radio from Ludlow Is very good I don’t think they will sell out to Bauer Media and I know Manx radio wont sell to them ether. the signal is very good in the daytime loud and clear on a transistor radio right across Sheffield. Its the same with Radio Caroline on 648AM very loud and clear in the daytime in Sheffield even on a pocket radio and Manx Radio is also clear in Sheffield on 1368AM. Sins Hallam 2 in Sheffield became the greatest hits I think a lot of local people in Sheffield now tune in to Radio Caroline as I see a lot of cars around Sheffield with the Sounding Great on 648AM Radio Caroline car Stickers on there windscreens even some of the local buses in Sheffield have got radio Caroline car Stickers on them my local paper shop has one in has window and I was on the Sheffield super tram last Sunday going to the Medowhall shopping center and the tram had a radio Caroline car sticker on the drivers cab window. I have even seen a radio Caroline car Sticker in a window at the Sheffield town hall. radio Caroline will never sell out to Bauer Media in a Million years . and I am very glad about that and radio Seagull is Quit clear in Sheffield two on 747AM throw it douse have a bit of a flutter on the signal but it is more than good enough to listen to in the daytime in Sheffield.

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