NKU Rejects Louisville Bid To Retain WNKN-FM's AAA Music Format

RI Community Forums Midwest Cincinnati NKU Rejects Louisville Bid To Retain WNKN-FM's AAA Music Format

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This topic contains 2 replies, has 3 voices, and was last updated by Profile photo of borderblaster borderblaster 1 month, 3 weeks ago.

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  • #174275
    Profile photo of microbob
    microbob
    Participant

    I’m guessing they have received higher bids for 105.9 WNKN. Awful news for WNKU supporters who supported the format.

    http://wvxu.org/post/nku-rejects-louisville-bid-retain-wnkn-fms-aaa-music-format#stream/0

    #174301
    Profile photo of stats
    stats
    Participant

    Attempting to bring this back to the issue:

    Does NKU legally not have the right to sell their radio assets, regardless of financial offer, to whoever they might choose? For the sake of argument, say Radio One offers 6 million for 105.9, assuming that mostly urban format broadcaster Radio One will take 105.9 to a commercial urban format, while Louisville offers only 5 million knowing that 105.9 would remain non-commercial triple A. Must NKU sell to the commercial broadcaster with the higher financial offer or can they sell to the organization who offers a greater opportunity to maintain the present format?

    #174314
    Profile photo of borderblaster
    borderblaster
    Participant
    Who WNKN is sold to is entirely up to the Board of Regents at NKU. They want the cash.

    Attempting to bring this back to the issue: Does NKU legally not have the right to sell their radio assets, regardless of financial offer, to whoever they might choose? For the sake of argument, say Radio One offers 6 million for 105.9, assuming that mostly urban format broadcaster Radio One will take 105.9 to a commercial urban format, while Louisville offers only 5 million knowing that 105.9 would remain non-commercial triple A. Must NKU sell to the commercial broadcaster with the higher financial offer or can they sell to the organization who offers a greater opportunity to maintain the present format?

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