In 1999 both Spin FM and Lite FM were awarded radio licences.

Spin FM, led by businessman Ossie Kilkenny, got the licence for young listeners in Dublin. In the music-driven service for over thirty-fives, the winning applicant was Lite FM headed by Martin Block.

Talk-based Newstalk was also granted a licence, but Pulse FM, headed by U2 Manager Paul McGuinness, failed to win a licence.

Colm Connolly reports for RTÉ News on 11 October 1999.

Lite FM went on air in May 2000. Following delays caused by legal opposition, Spin FM finally went on air in April 2002.