Minnesota Public Radio In Talks To Buy WGTS/D.C.
July 19, 2007 at 5:46 AM (PT)
MINNESOTA PUBLIC RADIO says that it is in negotiations to buy noncommercial religion WGTS/WASHINGTON from COLUMBIA UNION COLLEGE.
The college's board voted earlier in JULY to pursue a bid by AMERICAN PUBLIC MEDIA GROUP, the parent of MINNESOTA PUBLIC RADIO and KPCC/PASADENA-LOS ANGELES owner SOUTHERN CALIFORNIA PUBLIC RADIO, with no price publicly disclosed. SCOTT STEWARD, a spokesman for the college, says that the school's board of trustees "saw this as an asset that had matured, and they were interested in seeing what that might be able to do for the college."
A statement from AMPG President BILL KLING says, "We don't know what the outcome of this process will be, and the college continues to operate the station. If APMG's proposal is chosen, APMG plans a new service for WASHINGTON, DC with an emphasis on global government issues. As the parent to MINNESOTA PUBLIC RADIO and to SOUTHERN CALIFORNIA PUBLIC RADIO, APMG has the experience and track record of success to help the station realize its full potential."
A decision on the deal is expected by SEPTEMBER.