Last
week it was announced that WNTI 91.9, Hackettstown, New Jersey had been sold to
an “undisclosed NPR station.” Monday it was learned that the purchasing station
is WXPN, Philadelphia. WXPN programming will debut on WNTI on Thursdays,
October 15th at Noon ET.
The
deal is another feather in the cap of Public Media Company (PMC) who
represented WXPN in the transaction.
WXPN is paying $1,250,000 in cash and $500,000 in underwriting
announcements for Centenary College, the current owner of WNTI. The purchase
will be finalized when the FCC grants formal approval in 60 to 90 days.
The
purchase is being called a “win/win” situation because WNTI will continue to
continue a Triple A/Progressive Rock format. The continuity of service was one
of the reasons Centenary and WXPN did the deal. WXPN General Manager Roger
LaMay said:
“We
will extend WXPN's demonstrated commitment to local artists, music and events…to
the WNTI community. It will strengthen [WNTI’s] overall operations and…benefit
our artists and audiences, and strengthen WXPN's financial
sustainability."
According to LaMay, WXPN was not looking to
purchase another station until they became aware of the college’s intent to
sell WNTI. Then WXPN and PMC acted
quickly to complete the transaction.
WHY
WXPN BOUGHT WNTI
•
#1 WNTI’s COVERAGE AREA
As
you can see on WNTI’s map, the 91.9 signal covers an area from the Jersey
suburbs to eastern Pennsylvania. An estimated one million people live in this
area. There is no other Triple A station that reaches most of these people.
•
#2 THE SUCCESS OF WXPN’S REPEATER STATION IN HARRISBURG
WXPN
owns WXPH in Harrisburg and it simulcasts WXPN 24/7. Harrisburg has been an
important source of new members for WXPN. WXPH, plus repeaters in the Leihigh
Valley, Lancaster, York and the exurbs of Baltimore, are cheap to operate.
Together, they make WXPN a regional player. WNTI adds considerable heft to
regional identity. This is an important
advantage to underwriters and other supporters.
• #3 BECAUSE THEY CAN
Someone
once said the future is determined by those who show up.
That
is particularly true for public media.
Noncom radio will succeed only if people and organizations that have the
passion for it step up and promote it.
WXPN and Public Media Company are helping build the public media
infrastructure.
Congratulations
and thanks for a job well done!
Curious as to how this was consummated without any prior public notification.
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