Read the following paragraph and determine if the hypothesis is true:

WLR FM (Waterford Local Radio), licensed since 1989 () by the Broadcasting Commission of Ireland, is the local radio station covering Waterford City and County. In addition to the official franchise area, the station also enjoys a considerable listenership in South County Kilkenny and East County Cork.

Hypothesis: Waterford Local Radio is the local radio station licensed after 1988 by the Broadcasting Commission of Ireland.
Yes