Bought & Sold

Bought & Sold Where the assets are going

To Emap -

Today FM: SRH acquired a 24 per cent stake in March 1997 for just €3.6 million. In 2001, it bought out the whole station for €60 million.

FM 104: In 2003, the station was bought out by SRH for €26 million, plus €4 million in debt. Among the beneficiaries of this sale were Ulick McEvaddy, concert promoter Jim Aitken and managing director at the time, Dermot Hanrahan.

Highland Radio: The only commercial service operating in Co Donegal. The station was bought a few weeks ago for €7 million, with several local business people benefiting.

In Northern Ireland, SRH also owns Downtown Radio/Cool FM in Belfast.

To Johnston Press:

The Kilkenny People: SRH purchased the paper in 2000 for more than €35 million. The main beneficiary was publisher John Kerry Keane.

The Longford Leader: This paper was bought out in February 2002 for €9.1 million. Among the beneficiaries was editor Eugene McGee.

The Leitrim Observer: This paper was acquired in 1998 for the now paltry figure of €1 million. The main beneficiaries were the local Ryan family.

In the Republic, the company also owns the Tipperary Star and the Nationalist and Munster Advertiser.

In Northern Ireland, it owns Morton Newspapers.

It purchased this company in 1995. The titles that make up Morton include: Antrim Times; Ballymena Times; Ballymoney and Moyle Times; Banbridge Leader; Carrick and East Antrim Times; Coleraine Times; Dromore Leader; Larne Times; Londonderry Sentinel; Lurgan Mail; Mid-Ulster Mail; Mid-Ulster Mail (South Derry Edition); Newtonabbey Times; Portadown Times; Roe Valley Sentinel; Tyrone Times; Farm Week; Craigavon Echo; East Antrim Advertiser; Lisburn Echo; Mid-Ulster Echo; North West Echo.