Torey Malatia |
Sometimes
the best of good intentions aren't enough to satisfy critics. Torey Malatia, CEO
of Rhode Island Public Radio (RIPR), is learning this again after cancelling a
deal to sell WRNI-AM to Latino Public Radio (LPR). LPR is a local organization
that has been operating WRNI while preparing to purchase it.
Malatia
told Providence news site GoLocalProv [link] RIPR wanted to sell WRNI to LPR
but LPR couldn’t raise the money:
“If we had our wishes,
they would now own 1290. But they decided not only they did not want to
buy 1290 [and] they wanted to stop renting 1290 from us for their broadcasts.”
“They were welcome to buy
the station from us. They were welcome to rent it as long as they liked.
We did not evict them—we treated them as a trusted and valuable
lease-holder. But they and only they decided to stop broadcasting.”
RIPR
agreed to sell WRNI to LPR in November 2016.
(For additional background, please see our post of 11/21/16 here.) The association between
the two organizations began in the early 2000s when RIPR leased WRNI to LPR. After years of losing money while renting WRNI,
Malatia agreed to sell the station to LPR.
RIPR
gave LPR six months to purchase the station. LPR was told then that If they
couldn’t raise the money, WRNI will be sold to another party. WRNI’s appraised
value is $500,000. After six months, RIPR kept the offer open.
At
meeting between members of the LPR Board of Directors and Malatia in December
2017, it was made clear that LPR would not be able to complete the purchase. RIPR
then pulled the plug.
Last
Friday (3/23) Malatia said in a press release:
“We regret that the
budget realities at Latino Public Radio meant we couldn’t complete the station
sale as both parties had hoped...we’re grateful, though, that they intend to
continue reaching their audience online.”
Moving
forward, RIPR is simulcasting their News/Talk format on WRNI (now WRPA) until
another buyer is found.
“TELL IT TO
THE ATTORNEY GENERAL”
Reynaldo Almonte |
The
fact that RIPR lost patience and ended the deal didn’t sit well with one staffer of
LPR.
Reynaldo Almonte blamed RIPR for LPR’s failure to complete the
transaction.
Almonte
told GoLocalProv that he will be meeting with Rhode Island Attorney General
Peter Kilmartin's to block the sale of WRNI. (Of course, the state Attorney
General lacks the standing to be involved.)
Malatia
told GoLocalProv that Almonte’s criticism is not based in reality:
“I find it remarkable
that he is incapable of accepting that his board has made decisions about his
company—ones that he disagrees with as a staffer—but decisions that his own
board have delivered.”
NIELSEN RATINGS: RIPR
DOUBLES ITS WEEKLY LISTENERS IN FEBRUARY PPM
Meanwhile
things seem to be going well at RIPR.
We were more than a little surprised to
their 49% jump in estimated weekly listeners when February 2018 data is
compared with February 2017 as shown in the chart on the left.
Spark News reached Torey Malatia
for the story behind the rapid increase in weekly listeners:
In July 2017 we acquired
the signal for WUMD 89.1 FM. It is now our primary station. Then we found out 89.1 did not have an
encoder for the PPM system. Nielsen was late sending the gear. Now [the
signal] is encoded and we are pleased with the results.
Malatia
also said that RIPR’s quest to become a more intense local service is gaining
steam. RIPR is in the middle of a $6 million campaign to launch more local
journalism. So far RIPR has raised $3.1 million.
Also in New England PPM markets, three of the
Boston stations lost a bit of their estimated weekly listeners.
The race
between WBUR and WGBH remains as tight as ever.
Friends
in Beantown tell me that Emerson’s WERS is sounding terrific these days. They
are playing fewer singer/songwriter tracks and more Alt Rock favorites like Moon Taxi, The Killers and Muse.
We
don’t often report the Nielsen numbers for Hartford because there are only two
subscribing noncom stations. However, no trip through New England is complete
without a stop at J’s Crabshack for Bay
Scallops.
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