Channel 103 and Island FM owner Tindle Group is set to purchase South East Radio in Ireland.
The company, which already operates Midlands 103 in the country, says both stations will retain their unique identities once the sale is complete.
The move means Tindle Group would own five FM radio stations, two in Ireland and three in the Channel Islands, and is subject to standard closing conditions and regulatory approvals.
Midlands 103 Managing Director Will Faulkner: “We have long admired South East Radio and are committed to preserving the local ethos that has made it a trusted voice in County Wexford for over 35 years.
“Radio is an innovative industry, and we believe the combined expertise of both teams will create an even stronger offering for listeners and commercial partners alike, while ensuring Midlands 103 and South East Radio retain their unique identities.
“This investment reflects our confidence in the future of audio, particularly locally sourced, quality content.”
South East Radio’s Managing Director, Eamonn Buttle, described today’s announcement as the beginning of an exciting new chapter for the company.
“On behalf of my brother Norman, the Buttle family, and myself, I would like to express what an honour it has been to serve the media industry for over four decades. We have always sought to uphold the privilege of being the voice of County Wexford, and I am proud that the station’s programming and ethos have remained true to this mission for over 35 years.
“I wish the Tindle Group continued success and know that South East Radio is in safe hands with Midlands 103, as we share the same belief in supporting and promoting local issues.
“My deepest gratitude to our dedicated staff, loyal listeners and the business community for their tremendous support over the years.”
In the past 12 months, both stations successfully secured new ten-year Sound Broadcasting Contracts with Ireland’s radio regulator Coimisiún na Meán.