Apr 21, 2006
Trustees of Kilgore College in Kilgore, Texas, have unanimously approved selling the college's noncommercial FM station to the Educational Media Foundation for $2.46 million, reports the Longview News-Journal. The other top bidder, NPR affiliate Red River Radio in Shreveport, La., could only offer less than half of the religious broadcaster's winning bid. Kilgore's president says the university wanted to pursue "the greater dollar value." (Kilgore College press release.)
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