Business
Siteridge Limited currently told a license from the Broadcasting Authority of Ireland for Cork City and County and broadcast as Red FM. Shareholders in Siteridge Limited include Thomas Crosbie Holdings. Thomas Crosbie Holdings went into receivership in March 2013. Their stake acquired by Landmark Media Investments.
On 24 January 2013, the Broadcasting Authority of Ireland put the radio license, currently held by Siteridge Limited, out to tender. The license expires on 15 January 2014.
Siteridge Limited currently have negative balance sheet assets. As at 31 December 2011, their balance sheet assets were approx. negative 4,000,000 EUR.
A new CEO was appointed in March 2013. Diarmuid O’Leary, the advertising sales director of the Irish Daily Star joined Red FM as CEO.
Read more about this topic: Red FM (Ireland)
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