Cork-based media group, Thomas Crosbie Holdings, has received approval from the competition watchdog to hold majority shareholdings in two radio stations.
TCH said today it has received approval from the Competition Authority for a proposed 75% shareholding in Beat 102-103, a regional radio station in the southeast.
WLR FM MD Des Whelan has increased his stake in the youth-oriented station to 25%.
Thomas Crosbie Holdings has also acquired a 75% stake in Waterford radio station WLR FM and Mr Whelan has retained a 25% stake in the station.
TCH, which owns eighteen newspapers including the Examiner, also has a 36% shareholding in Red Fm in Cork and 15% in Mid West radio in Mayo.
