Classic rock station attracts major suitors

Investment proposals for Dublin’s new classic rock radio station range from €3 million to €4.75 million, according to the applications published by the Broadcasting Commission of Ireland (BCI).

14th June, 2008

Investment proposals for Dublin’s new classic rock radio station range from €3 million to €4.75 million, according to the applications published by the Broadcasting Commission of Ireland (BCI).

Three groups are vying for the licence to broadcast in Dublin and the commuter belt. A consortium called Classic Rock Radio, which is backed by Guardian Media Group and East Coast Radio, is planning the highest investment of €4.75 million.

It has forecast revenue of...

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