Bauer Media Audio to buy Communicorp Group

The Communicorp Group media organisation which owns Newstalk, Today FM, Spin 1038, Spin Southwest and 98FM radio stations has been bought by UK company Bauer Media Audio.

The deal, which is subject to regulatory approval, will see Bauer Media Audio enter the Republic of Ireland market for the first time and extends its audio business to eight countries.

Communicorp Chairperson Lucy Gaffney said today’s deal marks the culmination of an exciting and dynamic journey, which has enhanced and transformed radio in Ireland.

Bauer Media Audio reaches over 55 million listeners daily through its broadcast radio, online services, and podcasts across seven countries – the UK, Sweden, Norway, Denmark, Finland, Poland and Slovakia.

Its brands include KISS, Mix Megapol, Absolute Radio, Radio Norge, Radio Expres, Radio Nova, Radio 100 and RMF.

Paul Keenan, president of Bauer Media Audio, said: “Radio is very popular in Ireland with more than 80% of the population tuning in every week.

“The industry makes a vital and much-valued contribution to the country’s rich cultural landscape.”

Commenting on the announcement, Communicorp chairperson, Lucy Gaffney, said: “Communicorp has been at the forefront of Ireland’s media industry for over 30 years and this agreement marks the culmination of an exciting and dynamic journey, which has enhanced and transformed radio in Ireland.

“Hundreds of incredibly talented and special people, both in front of and behind the mic, have made that journey possible and I want to thank them for their enormous contribution to the company.

“I also want to thank our advertisers, our stakeholders and especially our listeners, for their support and loyalty over many years.

“Finally, on behalf of the Board, I wish Bauer and everyone at Communicorp continued success for the future.”