As reported during the week, East Coast Radio is for sale.

The intentions of Denis O’Brien’s Communicorp group (which has a 27% stake in East Coast) are not yet known. Some industry commentators have questioned the high asking price for the radio station – believed to be €10m. The most recent accounts for East Coast show that for the year endind December 2004 the company made a net profit of €50,000.

Possible bidders for the station include UTV, Fox Radio Consortium (headed by ex Lite FM chief executive Martin Block), Emap (a UK company) and Radio Kerry.