By Bron Maher
Bauer Media, which owns magazine and radio brands including Grazia, Kerrang and Absolute Radio, has bought Cork’s Red FM.
Red FM, previously an independent station, says it pulls in 129,000 listeners each day and is the most popular station in the Republic of Ireland’s second largest city. Bauer entered the Irish market last year when it bought Communicorp Group and with it two national stations, Today FM and Newstalk. The Red FM acquisition is still subject to regulatory approval.
Red FM chief executive Diarmuid O’ Leary said: “Over the past two decades, Cork’s Red FM has grown to become one of the region’s most popular radio stations, informing and entertaining listeners across the city and county.
“I’d like to thank everyone who have been a part of this journey for their contribution, in particular the staff at the radio station, who have been central to our success over the last 20 years. Red FM is now ready to embark on a new chapter, and I’m sure that as a valued part of Bauer Media Audio, the station will continue to soar to even greater heights.”
Source: Bauer Media
Deal size: N/A
Country: Ireland
Status: Official
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