NEW YORK--(BUSINESS WIRE)--Oct. 8, 2009--
The New York Times Company, Univision Radio Inc. and WNYC Radio
announced today the closing of the transactions related to WQXR-FM.
Under the terms of the transactions, Univision Radio paid the Times
Company $33.5 million to exchange the FCC 105.9 FM broadcast license and
transmitting equipment for the Times Company’s license, equipment and
stronger signal at 96.3 FM. At the same time, WNYC Radio purchased the
FCC license for 105.9 FM, all related transmitting equipment, and WQXR’s
call letters and Web site from the Times Company for $11.5 million.
Univision Radio will retain the WCAA-FM call letters.
As a result of this transaction, at 8 p.m. Univision Radio will
transition WCAA 105.9 FM to 96.3 FM, providing the Spanish-language
operator with expanded coverage and enhancing its service to the growing
New York Hispanic demographic. WNYC will operate WQXR-FM on 105.9 FM and
continue to serve the vast majority of its current audience as a
listener-supported public station dedicated to classical music.
The New York Times Company, a leading media company with 2008 revenues
of $2.9 billion, includes The New York Times, the International Herald
Tribune, The Boston Globe, 15 other daily newspapers and more than 50
Web sites, including NYTimes.com,
The Company’s core purpose is to enhance society by creating, collecting
and distributing high-quality news, information and entertainment.
Univision Communications Inc. is the premier Spanish-language media
company in the United States. Its operations include Univision Network,
the most-watched Spanish-language broadcast television network in the
U.S. reaching 95% of U.S. Hispanic Households; TeleFutura Network, a
general-interest Spanish-language broadcast television network, which
was launched in 2002 and now reaches 85% of U.S. Hispanic Households;
Galavisión, the country’s leading Spanish-language cable network;
Univision Television Group, which owns and operates 64 television
stations in major U.S. Hispanic markets and Puerto Rico; Univision
Radio, the leading Spanish-language radio group, which owns and/or
operates 68 radio stations in 16 of the top 25 U.S. Hispanic markets and
5 stations in Puerto Rico; and Univision Interactive Media, which
the premier Spanish-language Internet destination in the U.S. and
Univision Móvil, the industry’s most comprehensive Spanish-language
suite of mobile offerings. Univision Communications also has a 50%
interest in TuTv, a joint venture formed to broadcast Televisa’s pay
television channels in the U.S. Univision Communications has television
network operations in Miami and television and radio stations and sales
offices in major cities throughout the United States. For more
information, please visit www.univision.net.
WNYC Radio is New York's premier public radio station, comprising
WNYC 93.9 FM, WNYC AM 820 and www.wnyc.org.
As America's most listened-to public radio stations, reaching more than
one million listeners every week, WNYC extends New York City's cultural
riches to the entire country on-air and online, and presents the best
national offerings from networks National Public Radio, Public Radio
International and American Public Media. WNYC 93.9 FM broadcasts a wide
range of daily news, talk, cultural and classical music programming,
while WNYC AM 820 maintains a stronger focus on breaking news and
international news reporting. In addition, WNYC produces content for
live, radio and web audiences from The Jerome L. Greene Performance
Space, the station’s street-level multipurpose, multiplatform broadcast
studio and performance space. For more information about WNYC, visit www.wnyc.org.
This press release can be downloaded from www.nytco.com
Source: The New York Times Company
The New York Times Company
Paula Schwartz, 212-556-5224