Possible Sale for WNKU
Northern 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.