May 3, 2011

WDUQ-FM sale moves ahead

The sale of Pittsburgh's WDUQ-FM/90.5 advanced on Monday (May 2) when Essential Public Media and Duquesne University formalized an asset purchase agreement, reports the Pittsburgh Post-Gazette. EPM is a partnership between another local public radio station, WYEP-FM, and Public Media Co., a nonprofit based in Boulder, Colo., that was formed by Public Radio Capital. WYEP board President Marco Cardamone said the partners plan to file documents with the Federal Communications Commission soon, which will trigger a 30-day public comment period. They had announced the sale earlier this year (Current, Jan. 24, 2011).

No comments: