Bauer Media Audio has completed full regulatory clearance of its acquisition of Communicorp Group taking it one step closer to entering the Republic of Ireland. This expands Bauer Media Audio’s growing position as Europe’s leading commercial radio operator and will extend its business operations to eight countries and more than 57 million weekly listeners. It is anticipated that the acquisition will complete on May 31st, 2021.
Paul Keenan, President of Audio comments, “We are excited to be one step closer to entering Ireland. This is a fantastic addition to Bauer Media Audio, and we see great opportunities to further develop the business. while continuing to play an important cultural role in Ireland with trusted news, talented presenters offered within well-known brands.”.
Approval from Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media Catherine Martin has confirmed that following an initial media merger examination, the proposed acquisition of Communicorp Group by Bauer Media Audio Holdings GmbH can proceed as it is not contrary to the public interest in protecting the plurality of media in the state. This completes all phases of required regulatory approval and follows approvals from The Broadcasting Authority of Ireland and The Competition and Consumer Protection Commission.
It is anticipated the acquisition will complete on May 31st, 2021.
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For Further Press Information, please contact:
Cat Martin – Bauer Media Communications Director (Radio)
M: 07932 746 363
About Bauer Media Audio
Bauer Media Audio is Europe’s leading digital commercial broadcaster and audio operator. Experts in the power of sound, the company reaches over 55 million listeners daily through its market-leading broadcast radio, online services, and podcasts. Spanning 7 countries – the UK, Sweden, Norway, Denmark, Finland, Poland and Slovakia, Bauer Media Audio owns leading brands including KISS, Mix Megapol, Absolute Radio, Radio Norge, Radio Expres, Radio Nova, Radio 100 and RMF.#
About Bauer Media Group:
Bauer Media Group has become an enduringly successful media corporation by focusing on creating content that matters most to millions of people around the world: from print and online publishing to radio and money-helper services for consumers, as well as sales and marketing services for SMB. Family-owned in the 5th generation, Bauer focuses on the long term, with a consumer-first mindset that guides us across our increasingly diverse portfolio. Our workforce of 15,000 shares a passion – to deliver content and services that are popular with, and helpful to, our customers and partners.