The New York Times Gets Out of the Radio Business, Collects $45 Million [MediaMemo]
July 14th, 2009
The New York Times (NYT) is getting out of the radio business. Did you know the New York Times was in the radio business? Exactly.
Anyway, now it’s not. The cash-strapped publisher has sold WQXR-FM for $45 million, carving up the asset into two packages for different buyers — local NPR affiliate WNYC, and Spanish-language broadcaster Univision Radio, a unit of Univision Communications.
More in the release, and more in a couple minutes.
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