Times Raises Cash By Selling Radio Station

Accuracy In Media ^ | July 15, 2009 | Don Irvine

[AIM Freeper]

The long-rumored sale of radio station WQXR by the New York Times Co. was announced yesterday to public radio station WNYC.

From the New York Times

The New York Times Company will sell WQXR-FM to WNYC Radio and Univision, the companies announced on Tuesday, in a complex deal that preserves WQXR as the only station devoted solely to classical music in New York City, but that could alter its character.

WQXR would move to a weaker signal near the high end of the FM band, and would become a listener-supported station, owned by WNYC, the nation’s largest public radio station. The Times Company, which has been trying to shed assets to raise cash and weather a newspaper industry downturn, would get $45 million, but would sever ties with a station it has owned since 1944.

The long-rumored sale of WQXR, at 96.3 on the dial, and the real possibility that such a move would spell the death of a major classical music purveyor on the airwaves, was a depressing thought for fans. Classical music radio stations have been dwindling in recent decades.

[Tarpon]

Does anyone listen to over the air classical music anymore? Don’t you have an iPod.

[italianquaker]

I listen to it on the internet every now and then. I dont understand how the Times could be losing money with the economic guidance of paul krugman and the butter knife wit of maureen dour

[Ev Reeman]

I don’t see how the NYT is still in business.

They lie to the American people every single day.

They lied to the American people to get Obummer elected.

They, and many other libtard media and networks.

The American people as a whole should be disgusted and outraged that they were continually lied to by the MSM.

[Lonesome in Massachussets]

WCRB Boston/Waltham. CBS owned and recently changed frequencies with WKLB, Boston Country (also CBS owned).

I used to occassionally listen to WQRX-FM growing up in Queens, especially the “children’s hour”, with Leonard Bernstein, where he would play and explain various pieces of classical music.

I don’t have an iPod and probably never will. Classic music is good to listen to in the kitchen.

[jimbo123]

The classical station is giving up its slot to a Spanish language station as part of the deal.

http://www.nypost.com/seven/07152009/business/the_fat_lady_sings_179311.htm

The deal with Univision Communications and public radio broadcaster WNYC calls for WQXR to move from 96.3 FM to a weaker signal higher up the dial at 105.9 FM.

Univision’s Spanish-language station, WCAA, will become 96.3 FM and have a better spot in the middle of the FM band with which to serve its growing Hispanic audience in exchange for $33.5 million.

[jimbo123]

[Cheburashka]

I don’t see how the NYT is still in business.

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Just keep selling off the valuable properties and keep dumping the cash into the money losers. Sure way to wind up broke. Way to go Pinch.

[Tarpon]

butter knife wit ... that’s a keeper.

[Ev Reeman]

Maybe a conservative will buy the radio station so New Yorkers will actually get the truth and facts in the news.

[Buckeye McFrog]

Elitists like classical music radio stations because it gives them the power to inflict it on peasants who do not like it (and the more wattage the better). Enjoying it on their iPod just does not give them the same rush.