The Times to Sell WQXR-FM/New York to Univision
| RADIO ONLINE | , , | :am CT |
|
Univision has agreed to acquire Classical 6kw WQXR-FM (96.3)/New York from the New York Times for $33.5 million. Concurrently, crosstown News/Talk WNYC-FM will purchase Univision's Tropical 600-watt WCAA-FM (105.9)'s equipment and license, and the right to the WQXR call letters from the Times Company for $11.5 million.
As a result of this transaction, Univision Radio will transition WCAA-FM from 105.9 to 96.3 providing the Spanish-language operator with expanded coverage of the New York Hispanic demographic. WNYC will operate WQXR on 105.9 FM and continue to serve its current audience as a listener-supported public station dedicated to classical music.
In recent weeks, WQXR has been downsizing its operations over the past year by replacing in-house news reports with Bloomberg Radio and eliminating its live overnight announcer as well as cutting back on spots from Times journalists.
The Times Co. is also seeking to sell assets, including The Globe, another Massachussetts paper, the Worcester Telegram & Gazette and its minority stake in New England Sports Ventures.
