DJKraze, my wife is a Wesleyan alum and I once applied for the same job that Ben Michael, the "new" professional GM, ultimately got. Later I got to know Ben a little bit and he's a really nice guy; well-suited to the job in skills, temperament, and the fact that he's lived in Middletown most of his life. Maybe all his life, come to think of it.
Anyways, I got pretty familiar with the whole snafu regarding the license transfer from the now-defunct independent entity to Wesleyan University proper. Basically, the partial-LMA with WSHU (the NPR affiliate at Sacred Heart University) was the price Doug Bennett extracted in exchange for Wesleyan investing the time and money for better studio space, a full-time employee (Ben) and for keeping the FCC from immediately deleting the license.
Anyways, it's not full-time WSHU/NPR, just mornings to mid-afternoons and some weekends. There's still quite a few hours in the day that belong to student and community volunteer DJ's.
Check the schedule here.
Wesleyan also paid for a professional spectrum consultant to analyze the surrounding spectrum in early 2007 and prepare an application to expand their signal ahead of the last big NCE filing window in October of that same year. The CP was granted and, in a few years, built out...both
expanding their reach into Hartford nicely and preventing a scad of competing co-channel applications from creeping in along the CT/MA border that would've knocked down WESU's reach northward considerably. I know all this because I was that consultant.

The whole deal worked out fairly nicely for all involved.
I'm sure more that a few people at WESU were pissed about the "takeover" with WSHU but I think the results speak for themselves. A: the license isn't gone. B: they've got a bigger signal. C: they're raising more fundraising dollars...
from listeners...in their drives than they ever have before. D: they've got a good structure in place to prevent the previous issues from ever happening again.
Objectively, I'd say it was a damn good thing Bennett was prez at the time; I think most University presidents would've either shrugged their shoulders and let the license die, or "saved" it only to immediately sell it and get rid of the problem while making a few bucks. At least Bennett was savvy enough about radio to recognize its potential.