Colleges Bet Out Of The Public Radio/TV Biz

Is academia getting out of the public broadcasting business? “In the past two years, educational licensees in Los Angeles, Detroit, Seattle/Tacoma, Indianapolis, Milwaukee, Portland, Ore., and a number of smaller markets have sold or transferred control of pubcasting stations.” Why? Money. “Educators are selling stations because of their budget woes—to get station subsidies off their backs and/or gain an influx of capital.”

Source: Current - 08/23/04