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British media group
Emap has confirmed it’s considering selling Highland
Radio.
In a trading statement today, Emap said it was
“considering its options” in relation to its three
Irish stations including Today FM and FM104.
The prized stations have a combined value estimated
at around €170m.
Emap is tackling falling revenues and is currently
engaged in cost-cutting measures.
While the stations are not officially on sale yet,
potential buyers are already circling the goods.
Media sources suggest UTV could be a bidder for one
or more of the stations as it is keen for an
acquisition. A US radio company is also said to be
interested in the Irish stations.
Highland Radio enjoys continued success and
profitability in Donegal and throughout the North
West. Its quality brand of news, music, sport and
the popularity of the Shaun Doherty Show sees it
perform consistently well in the annual JNLR
listenership figures.
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