Three decades on from the 'gold rush' of commercial radio, Denis O'Brien is cashing in his chips
Commercial Radio was the ‘gold rush’ of the late 1980s, and everyone and anyone wanted a piece of the action. There were rock stars, impresarios, lawyers, sportsmen, public relations gurus, stockbrokers and socialites, all prospecting for a licence to print money. These licences, awarded by the Independent Radio & Television Commission (IRTC), were cheap and they held the promise of easy money for the influential, the fortune and the favoured. The reality turned out to be a little different. The road to radio riches was eventually littered with casualties, but only after the initial eupho...
Source: independent.ie