Possible Sale for WNKU

By on May, 23 2016 with Comments 0

Dollar SignNorthern Kentucky University is selecting a broker to help officials sort through options for WNKU(FM), Highland Heights, Kentucky.

That could mean a potential sale of the station the university has owned for three decades.

The university recently announced $8 million in cuts to balance its budget.

WNKU has required a “substantial subsidy” from the university to run — $3.3 million over the past five years, including $900,000 last year.

“These are difficult economic times for the University in light of the recent state budget cuts and our rising pension costs. We have a responsibility to examine all that we do, including whether this subsidy is one that we can continue to afford,” officials said in a statement to WLWT-TV, Cincinnati.

CincyMusic.com organized a petition and letter to WNKU’s Board of Regents to keep the station on the air (cincymusic.com/save-snku).

More than 2,700 people have signed so far.

About The Author: Leslie Stimson has been a reporter for 35+ years, starting in radio news. She’s spent the last 20 years reporting for radio trades.

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