Lucy Gaffney, chairwoman of Communicorp Group, said it ‘did not feel it incumbent on our radio stations to promote a brand new, niche, digital competitor’. Photograph: Cyril Byrne

Communicorp Group has said it “did not feel it incumbent” on its radio stations to allow journalists from The Currency website on air as contributors,(...)

Phantom, which launched in 2006, is implementing redundancies among its 16 full-time staff to make the station viable. JNLR listener statistics for 2013 show its share of all adults was just 0.8 per cent. Latest abridged accounts for Dublin Rock Radio Ltd show it had accumulated losses of €4.2 million at the end of 2012.

Dublin alternative rock station Phantom 105.2 is to be rebranded next month as TXFM in a bid to turn around the station’s flagging fortu(...)