WUNC Closes on WFSS/Fayetteville for $1.35M

RADIO ONLINE | Wednesday, November 25, 2015

WUNC Public Radio has closed on its previously announced acquisition of Public Radio 100kw WFSS-FM (91.9)/Fayetteville, NC, from Fayetteville State University for $1.35 million. The deal included future underwriting announcements for FSU and internship opportunities for two students annually who are interested in radio or journalism, making the total value of the purchase $1.75 million.

"Working with our friends at Fayetteville State provides a great opportunity to preserve and enhance a strong public radio broadcasting service for listeners in the Sandhills region," said WUNC Public Radio LLC Chair Hannah Gage.

"This acquisition makes it possible for us to provide high-quality public radio in a cost-effective fashion for Fayetteville and the surrounding communities," added WUNC-FM President/GM Connie Walker.

Greg Guy and Jason James of Patrick Communications brokers the trnasaction for the seller, while Public Media Company was the broker for the buyer.