KFM buys back 20% stake from Midland

Midland Radio Group, the main shareholder in Shannonside/Northern Sound, has sold back its 20 per cent stake of Kildare radio station KFM to its remaining shareholders for around €2 million.

21st May, 2005

Midland Radio Group, the main shareholder in Shannonside/Northern Sound, has sold back its 20 per cent stake of Kildare radio station KFM to its remaining shareholders for around €2 million.

More than 87 per cent of KFM is now owned by a group of 16 individuals associated with Co Kildare, including Gaelic footballer Glenn Ryan, horse trainer Dermot Weld and Anna May McHugh of the National Ploughing Association.

East Coast Radio has also increased its KFM shareholding...

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