Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media Catherine Martin TD has confirmed that following an initial media merger examination, the proposed acquisition of Communicorp Group by Bauer Media Audio Holdings GmbH can proceed as it is not contrary to the public interest in protecting the plurality of media in the state.
The confirmation from Minister Martin completes all phases of required regulatory approval and follows approvals from The Broadcasting Authority of Ireland and The Competition and Consumer Protection Commission.
It is anticipated that the acquisition will complete on May 31st, 2021.
ENDS
About Communicorp Group
Communicorp, Ireland’s largest commercial radio group with a market-leading portfolio, has a weekly audience of more than 1.75 million and plays a vital role in providing news, music, entertainment, and sport. The group comprises of Ireland’s only two national commercial radio stations Today FM and Newstalk, alongside local stations SPIN 1038 and 98FM in Dublin, and SPIN Southwest, as well as leading digital radio sport station Off The Ball, digital audio exchange audioXI and aggregated listening platform GoLoud.
About Bauer Media Audio
Bauer Media Audio is Europe’s leading digital commercial broadcaster and audio operator. Experts in the power of sound, the company reaches over 55 million listeners daily through its market-leading broadcast radio, online services, and podcasts. Spanning 7 countries – the UK, Sweden, Norway, Denmark, Finland, Poland and Slovakia, Bauer Media Audio owns leading brands including KISS, Mix Megapol, Absolute Radio, Radio Norge, Radio Expres, Radio Nova, Radio 100 and RMF.#
About Bauer Media Group:
Bauer Media Group has become an enduringly successful media corporation by focusing on creating content that matters most to millions of people around the world: from print and online publishing to radio and money-helper services for consumers, as well as sales and marketing services for SMB. Family-owned in the 5th generation, Bauer focuses on the long term, with a consumer-first mindset that guides us across our increasingly diverse portfolio. Our workforce of 15,000 shares a passion – to deliver content and services that are popular with, and helpful to, our customers and partners.