The Irish Independent reports today that Noel Hogan, Mike Hogan, and Fergal Lawler are together putting up 10% of the funds for a new radio company in Limerick.
The new company, called Heart Media, hopes to win a bid for the city’s radio station. The license is currently held by Live 95FM, but according to Irish law, radio licenses go up for renewal every 10 years. Heart Media wants to create a station with a more alternative mix, including at least a third of its content being news and current affairs.
Their investment will give the Cranberry lads a combined 10% sharehold in the company. Other investors include TV show “Killinaskully” star Pat Shortt, radio presenter Will Leahy, and former Live 95FM staff members.
Source: Irish Independent