Confirmed: UT buying Austin's 98.9 FM

[intx]

Statesman reports the sale price is $6 million.

http://www.statesman.com/business/ut-may-pay-6-million-for-second-fm-2411942.html

[Mediafrog+]

Guess we owe an apology to the original poster on the other thread, although the new format on 98.9 apparently won't be classical (which would be silly with KMFA already in the market.)

[Ryan Williams]

I was skeptical at first too, but "Dick Tater" got at least half of the rumor right: it is UT going after 98.9, just for a full-time breakout of their current eclectic music mix and not for a classical format.

[Anonymouse]

Maybe Austin's Greatest Hits will move over to a CC or Entercom station.

[Ryan Williams]

Maybe Austin's Greatest Hits will move over to a CC or Entercom station.

Don't count on it.

[intx]

We still don't know what's happening with the Horn, right? Lotsa options there.

[Ryan Williams]

We still don't know what's happening with the Horn, right?

Or why in the midst of this grand sell off, BMP bought the 105.5 move-in translator.

[willdav713]

I should have bought that XM Radio tuner someone was hawking on the net!

They have to vote on it, right?

I will have to call up UT and attend.   After all my tax dollars are involved here.

I would rather have them sell it to a for profit entity.  We have enough taxation already.

Well I will fire up my DVD burner tomorrow night and start a recording marathon!

At least I have Jammin, but it is not the same!
There is always hope Clear Channel will put an Non Country-Oldies format on 98.1 now that KOKE is on board.

[mmnassour]

Apologies to the OP whom I....and a lot of other folks....laughed at in the original thread.  GREAT catch.

mn

[CTHank]

As liberal as Austin is, a 24 hour NPR news station should do really well.