UNS: BU sells WRNI

[Laurence Glavin]

>----- Original Message -----
>From: "Garrett Wollman" 
>To: "Tony Abruzzese" 
>Cc: bri 
>Subject: UNS: BU sells WRNI
>Date: Fri, 30 Jan 2009 15:51:09 -0500

< said:

> Courtesy of this morning's BU Today...
> http://www.bu.edu/today/node/8228

> BU and the WBUR group has finally closed on the sale of WRNI to 
> RI Public Radio.

>It actually happened on the 15th. I just saw their studios and the
>rebuilt 1290 transmitter facility on Wednesday; they did a very nice
>job with both. Apparently they had to wait for court approval for the
>transfer, as a result of the law the RI legislature passed back when
>Jane tried to sell 1290 originally.
>-GAWollman

The "BU Today" article is followed by a post from either a BU student or graduate
who doesn't know the difference between 'it's' and 'its';  there's a lot of that
going around these days.  Anyway, the anonymous writer is concerned that BU let 
the station go for considerably less than its apparent appraised value.  Just 
last night (Thursday) during a conversation among those attending the Scott Fybush
night-before-going-back-to-NY State repast, the subject of radio station valuations
was brought up.  The transaction that spurred the subject was the deliverance of a 
cluster of FM outlets in the Denver market to someone close to the scene for a mere
19-million dollars, less than the value of any single frequency in all likelihood just
a year or so earlier.  So nobody should be surprised that a 10,000-watt AM station
was transferred for a figure below what an earlier WBUR management paid for it.

(Let this NOT beconstrued as a criticism of Jane Christo; on two separate occasion, she
provided me with unlimited free Sam Adams beer during WBUR open houses.  When I'm bought,
I stay bought.)


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