EMAP sell Irish radio stations

EMAP will sell its Irish radio stations to an Irish and European radio group called Communicorp in a bid to reduce its current borrowing. The three stations to be sold were acquired when EMAP bought Scottish Radio Holdings in 2005, and include national station Today FM, Dublin's FM104 and Donegal's Highland Radio. The deal, worth a reported 200 million euros, will need regulator approval, and is part of EMAP's strategy to focus its radio efforts on the UK.