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Business News Deals Media
Bauer Media completes Communicorp acquisition
By Chris Cooke | Published on Wednesday 2 June 2021
Bauer Media yesterday confirmed it has now completed its acquisition of the Communicorp Group in Ireland, making it a significant player in the Irish radio sector.
As a result of the deal, Bauer now owns Ireland’s two national commercial radio stations Today FM and Newstalk, as well as local stations Spin 1038 and 98FM in Dublin, and Spin Southwest in Limerick. Digital sports station Off The Ball and digital audio exchange audioXI are also part of the deal.
Bauer first announced that it was buying the Irish side of the Communicorp business in February. The deal needed approval from various regulators in Ireland, but it cleared the final regulatory hurdle last month when Minister For Media Catherine Martin confirmed that, in her opinion, the purchase was not contrary to the public interest in terms of protecting the plurality of media.
Confirming the acquisition had now been completed, President of Bauer Media Audio Paul Keenan said yesterday: “Bauer Media Audio is excited to be entering the Republic Of Ireland through the acquisition of such a premium business, with its market leading and trusted brands”.
“Its talented teams have built a strong reputation for high quality news, entertainment, music and sport”, he went on, “and from this solid foundation we are passionate about the world of radio and look forward to further exploring the audio universe”.
