5.2.02 - All Ireland Music
U2's manager, Paul McGuinness has beaten off competition from Bob Geldof to secure a new radio station licence for the South East of Ireland. The youth station aimed at 18 to 24 year olds, will be based in Waterford city and county.
McGuinness' Beat 101 consortium which included Waterford Local Radio was awarded the licence over Geldof's Power FM group which included Scandanavian Broadcasting and Barbara Nugent of the Sunday Post.
Geldof is a good friend of the band and like Bono has been very vocal on Third World Debt issues. It's not thought there'll be any animosity over the radio licence permit between the human rights crusader and the bands' manager.
McGuinness will be pleased to have won this licence after failing to win the Dublin youth radio station licence, Spin FM which went on air last month. Earlier this year, the U2 manager picked up an Industry Award at the Meteor Irish Music.
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