Friday September 18, 2020

Communicorp makes its move for Phantom FM stake

Denis O’Brien’s radio company Communicorp has sought approval to take a minority stake in Dublin rock station Phantom FM and is believed to be injecting more than €200,000 into the company.

25th September, 2010

Denis O’Brien’s radio company Communicorp has sought approval to take a minority stake in Dublin rock station Phantom FM and is believed to be injecting more than €200,000 into the company.

However, the Broadcasting Authority of Ireland (BAI) has a number of concerns about the proposal and is understood to be seeking clarification on aspects of the investment.

Communicorp already controls Today FM, Newstalk, 98 FM and Spin 103.8 in Dublin.

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