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.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team