It looks as if KFUO-FM, the only classical music station in the St. Louis market, is in danger of being sold. The city’s Post-Dispatch reported recently that the Missouri Synod of the Lutheran Church, which owns KFUO, may be asking for upwards of $20 million for the commercial station, which has been broadcasting for 61 years.
WGBH Feeling the Squeeze
I don’t know if you’re following the brouhaha over the Boston Globe. The paper’s owner, the New York Times, is threatening to close down the paper unless the Globe’s unions agree to $20 million in concessions. There’s plenty of upset in Boston over the news. Another venerable Boston media company is feeling the budget squeeze, too. Dual format station WGBH is owned by the WGBH Educational Foundation. In an all-staff memo dated April 2nd, WGBH’s CEO Jon Abbott cited some grim figures: • A decline in viewer and listener support of 15% … Continue Reading