Radio stations face the music
The good times for radio are well and truly over, as advertising declines, stations struggle and a hefty levy looms
For more than a decade, the radio business was the hottest ticket in media, with Irish and international investors scrambling to get a slice of the action.
Media groups and private equity opened their cheque books with gusto, with Irish telecoms billionaire Denis O’Brien buying Today FM and FM104 for €200 million at the height of the boom in 2007.
Like many other industries, excitement about radio has dampened down. It is estimated that...
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