Communicorp deal cleared by authorities
Posted by
Communicorp deal cleared by authorities

The Irish Competition Authority has cleared Global Radio’s sale to Communicorp of the eight radio stations that Global are divesting.

This deal is expected to complete at the end of March, and this means formal approval by the Irish Competition Authority of the deal already announced on 6th February.

It gives the official green light for Communicorp to own Smooth Radio North West, North East and East Midlands, along with Capital South Wales, Real Radio North Wales, Capital Scotland, Real Radio Yorkshire and Real XS Manchester. All stations will continue as they are (with the exception of the transformation of Real to Heart) and will be run under a franchising agreement, although the plans for Real XS have yet to be announced.

Whilst Communicorp will own the stations and control local sales as per a Competition Commission ruling, most other services such as national sales, off-peak programming, commercial production, traffic logs, studio/office facilities and branding will be provided by Global Radio.

The Competition Authority said: “We have formed the view that the proposed transaction will not lead to a substantial lessening of competition in any markets for goods or services in the State.”

But the decision is not final – as with all media mergers in Ireland, the parties may only proceed with this merger if the Minister for Jobs, Enterprise and Innovation does not direct the Authority to carry out a full investigation (Phase 2) within 10 days of the date of the Authority’s decision.

The Authority will publish a public version of the reasons for its determination on its website no later than 26 April 2014 after allowing the parties the opportunity to request that confidential information is removed from the published version.

Hear more radio industry news like this at the top of the hour on inRadio - the radio industry's very own radio station. Listen now in a new window whilst you continue reading RadioToday or press play below.

0 1 1074 27 February, 2014 Alerts, Industry News 3:05 pm 20142 Thursday, February 27th, 2014

Leave a Reply

Looking for something else?


Subscribe to our emails to stay informed about the latest radio news and products delivered straight to your inbox.

Related Posts

Closing Date: Audio Production Awards - September 29, 2016 at 11:59 pm (Online)
The Imaging Days - October 3, 2016 at 8:00 am (Holland)
The Imaging Days - October 4, 2016 at 8:00 am (Holland)
Radiodays Ireland - October 17, 2016 at 10:00 am (Dublin)
Radiodays Ireland - October 18, 2016 at 10:00 am (Dublin)
ARIAS - Audio and Radio Industry Awards - October 19, 2016 at 6:00 pm (First Direct Arena, Leeds)
WorldDAB General Assembly 2016 - November 9, 2016 at 10:00 am ()
Audio Production Awards - November 24, 2016 at 6:00 pm (BFI Southbank, Belvedere Road, London)
More events