Proposed Sale
According to a July 18, 2007, article in the Washington Times, sources close to the station said that the station would be sold to American Public Media (the parent company of Minnesota Public Radio) to produce a news/talk station similar to KPCC in Los Angeles. Several websites were set up to lobby for the Christian format of WGTS, which would probably be dropped should the station have been sold. It was believed that the offer by American Public Media was for approximately US$20–25 million, and that a $10 million initial offer by the WGTS board of directors to keep the station within Washington Adventist University was rejected. In a change of direction, on September 20, 2007, the college board voted to halt any current discussions of selling WGTS.
Read more about this topic: WGTS
Famous quotes containing the words proposed and/or sale:
“To coöperate in the highest as well as the lowest sense, means to get our living together. I heard it proposed lately that two young men should travel together over the world, the one without money, earning his means as he went, before the mast and behind the plow, the other carrying a bill of exchange in his pocket. It was easy to see that they could not long be companions or coöperate, since one would not operate at all. They would part at the first interesting crisis in their adventures.”
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