EMAP Considers Sale Of Irish Stations
March 27, 2007 at 5:51 AM (PT)
EMAP says that it may sell off its radio stations in IRELAND as part of its review of its assets.
"We regularly review assets within our portfolio and against this background we are considering our options in relation to our REPUBLIC OF IRELAND radio stations," the company said in a pre-earnings-report statement. "We intend to provide an update on this at our final results in MAY."
EMAP acquired IRELAND's TODAYFM and FM104 as part of its purchase of SCOTTISH RADIO HOLDINGS in AUGUST 2005 and bought HIGHLAND RADIO in SEPTEMBER 2005; the stations are valued at around 100 milion pounds.