On 8 October 2007, it was announced by the Broadcasting Commission of Ireland that it would not agree to the sale of FM104 to Communicorp, although it granted approval for the acquisition of Today FM and Highland Radio. On 19 December 2007 it was announced that UTV Media had agreed to purchase FM104, subject to approval from the BCI and the Competition Authority. Under the structure of the agreement Communicorp acquired FM104 but sold it immediately to UTV Media, thus keeping to the spirit of the earlier BCI ruling and allowing it to acquire the other EMAP stations. [https://web.archive.org/web/20080102174004/http://www.utvplc.com/indepth.asp?sub=ps&sublk=prl&id=564 [http://www.independent.ie/business/irish/utv-raises-over-pound5m-to-help-fund-e52m-takeover-of-fm104-station-1250156.html] The sale of FM104 to UTV Media was completed on 10 April 2008.