In July last year, it was announced that Emap had made a conditional sale of its Republic of Ireland stations - the national station Today FM, FM104 in Dublin and Highland Radio in Donegal - to Irish and European radio group Communicorp for £135m, subject to regulatory clearances.
However, the Broadcasting Commission of Ireland did not approve the sale of the Dublin station and Communicorp was forced to sell it to UTV. That sale took place in December for €52m (£37.1m)
The sale of the Irish radio assets was vital to Emap's proposed break-up.
Private equity firm Apax and Guardian Media Group had their £1bn offer to buy Emap's B2B publishing arm accepted at the end of December.
However, that offer, which was accepted by Emap's board but is now awaiting shareholder approval, was to acquire what was left of Emap plc once its radio and consumer magazines units had been sold off. Had the Irish station sale not been approved, it would have delayed Emap's deal with Apax and GMG.
However, the Broadcasting Commission of Ireland did not approve the sale of the Dublin station and Communicorp was forced to sell it to UTV. That sale took place in December for €52m (£37.1m)
The sale of the Irish radio assets was vital to Emap's proposed break-up.
Private equity firm Apax and Guardian Media Group had their £1bn offer to buy Emap's B2B publishing arm accepted at the end of December.
However, that offer, which was accepted by Emap's board but is now awaiting shareholder approval, was to acquire what was left of Emap plc once its radio and consumer magazines units had been sold off. Had the Irish station sale not been approved, it would have delayed Emap's deal with Apax and GMG.
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