Purdue reaches agreement to transfer radio station
Purdue University said it signed an agreement to transfer control of a nearly century-old radio station to Metropolitan Indianapolis Public Media. After approval by the Federal Communications Commission, the transfer of licenses for WBAA AM and FM is expected to take place in late spring.
MIPM operates public broadcasting WFYI in Indianapolis. The university first announced its intention to transfer control of the radio station last July.
As part of the agreement, WBAA will maintain its call letters and physical presence in the Greater Lafayette area. Purdue says local news and features, NPR and global news, and classical music will continue to air on AM and FM frequencies.
“We are thrilled to have reached this milestone as we strive to ensure a bright future for WBAA radio, its listeners and our students,” said Ethan Braden, senior vice president of marketing and communications at Purdue, in a press release. “A big thank you to everyone who has worked on important details over the past few months. We are excited about the preservation of Purdue Public Radio and the improvements that will come from this partnership with MIPM and WFYI.
Additionally, the agreement provides that Purdue will provide $250,000 per year for the first two years of the agreement to offset certain initial operating costs. MIPM will provide Purdue with a $700,000 underwriting credit for ads on WFYI’s station network over 10 years.
MIPM will also provide at least $300,000 in paid student internships at the combined stations, which will include expanded learning and development opportunities in broadcasting, digital media, sales and marketing, among others. posts.
Purdue adds that four WBAA employees will transition to full-time jobs with WFYI/MIPM.