Wednesday 15. July 2009
The New York Times Company, Univision and WNYC Enter Into Exchange/Sale Agreement That Preserves WQXR’s Classical Music Format and Enables WCAA to Expand Its Coverage
The New York Times Company has entered into an agreement with subsidiaries of Univision Radio Inc. and with WNYC Radio for the sale of WQXR-FM, its New York City radio station for a total of $45 million. The transaction will enable WQXR-FM to continue its 73-year legacy of providing classical music and other cultural programming to listeners in the New York metropolitan area. Univision Radio is a division of Univision Communications Inc., the leading Spanish language media company in the United States. WNYC is the nation’s largest AM/FM public radio station.