Harney clears UTV acquisition of Cork radio group

Mary Harney, Tánaiste and Minister for Enterprise, Trade and Employment, today (Thursday 1st February 2001) cleared the takeover by Ulster Television of County Media Limited under national mergers and takeovers legislation.

County Media Limited owns 3 local radio stations in Cork - 96FM in Cork City, 103 FM in North Cork and 103 FM in West Cork.

In clearing the takeover the Tánaiste notes that the IRTC has blocked the acquisition but also that the Commission has indicated that it might be open to reconsider the bid in April. She trusts that any issues of cross media ownership will be dealt with by the IRTC.