Group Trying To 'Save KPLU' Makes Formal Bid On Station
April 27, 2016 at 4:22 AM (PT)
The coalition of staffers and listeners trying to "SAVE KPLU" in the SEATTLE-TACOMA market has made a formal bid to buy the station.
The "FRIENDS OF 88.5 FM" group, which is attempting to block the sale by PACIFIC LUTHERAN UNIVERSITY of Jazz-News-Talk KPLU/TACOMA to the UNIVERSITY OF WASHINGTON by raising $7 million to buy the station itself and preserve the format rather than allow a change to a format related to the proposed buyer's News-Talk KUOW/SEATTLE, sent a Letter of Intent to PACIFIC LUTHERAN as a formal offer.
“We are deeply grateful to the thousands of listeners who continue to give generously to support a civic and cultural treasure they believe in,” said SAVE KPLU's STEPHEN TAN, the former chair of KPLU’s Advisory Council. “With a robust schedule of community events, listener challenges, and support from regional businesses and major donors, we are confident that we will reach our fundraising goal by June 30. We look forward to meeting with PACIFIC LUTHERAN UNIVERSITY soon to negotiate the Asset Purchase Agreement.”