Ulster Television announced today it plans to buy Limerick-based Treaty Radio for €15.74 million.
UTV will assume Treaty Radio’s debts of €1.17 million.
Treaty Radio operates an independent local radio station in Limerick branded as Live95FM, which began broadcasting in 1997.
Live95FM claims a new listenership of about 90,000 in Limerick. A recent JNLR survey showed an increase in the station's share of the Limerick radio broadcasting market from 31 per cent in December 1999 to 38 per cent in December 2001.
READ MORE
Treaty Radio's unaudited figures for the financial year to December 31st 2001 show turnover of €2.61 million and operating profit of €0.90 million.