Grant County Broadcasters Inc., which owns WNKR-FM, in Northern Kentucky, made public its purchase of WNKN from Northern Kentucky University (NKU) at a price of $5.3 million.
NKU’s Board of Regents made the sale official by approving the transaction on July 19.
General Manager and CEO of Grant County Broadcasters, Jeff Ziesman said in a statement the the company plans to leave operations running at the local level.
MORE: Catholic radio station buys Middletown’s WPFB AM signal for $450,000
“Our goal is to provide stable, high quality, locally produced programming to the greatest number of listeners in the WNKN coverage area,” he said. “That means local ownership, a locally produced format, local jobs and, as a commercial operation, local taxes.”
The Northern Kentucky University Board of Regents approved the agreement on July 19 and issued the following statement regarding the sale:
NKU’s Board of Regents added in a statement that “Grant County Broadcasters is committed to local programming. We feel this is the best outcome for the local community and WNKN-FM Middletown listeners. This now concludes the sale of all three stations: WNKU-FM, WNKE-FM and WNKN-FM.”
WNKN, which had operated as WFPB, was bought in 2011 by NKU in 2011, along with Portsmouth station WNKE. NKU sold its 89.7 signal and WPAY in February to a religious broadcaster for $1.9 million.
About the Author