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The DR group started broadcasting three hours of daily radio shows in 1925 , paid the equivalent of $8 15
Netherlands-based Talpa Radio International bought the other, smaller channel that was up for sale for $3
Sky Radio, which is part of Murdoch's media conglomerate News Corp Murdoch's Sky Radio Buys Danish Station
Jun 18, 12:47 PM EST
Rupert Murdoch's Sky Radio bought a new nationwide FM radio channel in Denmark during an auction Wednesday, breaking a 78-year radio monopoly held by the state-owned Danish Broadcasting Corp
The station is expected to reach nearly 80 percent of the country 52 million , or DR 4 million for the channel It also owns a pair of television channels That station is expected to reach just 40 percent of the country's residents, but won't have requirements on how much news or types of music it will broadcast
Denmark has four national radio channels, all operated by state-owned Danish Broadcasting Corp
There was no immediate information on what the radio stations would be called
Under the terms laid out by the Danish government, Sky Radio must provide at least 1,000 hours of local and national news programming and devote 30 percent of its music programming to Scandinavian artists Both stations were expected to be broadcasting by Nov |