Scottish Radio Holdings is to buy Highland Radio in Co Donegal for €7m.
The deal has been approved in principle by the Broadcasting Commission of Ireland and is now conditional on the approval of the Competition Authority and the Minister for Enterprise, Trade and Employment.
It is understood that Highland's Chief Executive Charlie Collins will remain on at the station.
Highland's licence area is north Donegal and since it began broadcasting in 1990 it has consistently been among the top most-listened to local radio stations in the country. Its studio is based in Letterkenny.
Scottish Radio Holdings already owns Today FM and FM104 here, while it has also bought several regional newspapers including the Longford Leader and Kilkenny People.
