Towson cites economic pressures in withdrawing WTMD's bid for new home

WTMD Radio has withdrawn its proposal to renovate, manage and occupy Baltimore's historic Senator Theater. A top administrator at Towson University, licensee of the public radio music outlet, explains on the station's website: "Due to the continuing economic pressures faced by the State of Maryland and thus Towson, we have determined that it is best not to take on this new complex venture. With the added uncertainty of the economic climate that we will face the remainder of this year, we must concentrate on the needs of our students at this time." G.M. Steve Yasko tells station supporters: "I want you to know that WTMD and everyone at Towson University fully believes in the station's mission, music and the need to find a new home for the station."