On Tuesday, Pacific Lutheran University made its plans for KPLU official. The university agreed to sell KPLU radio to a newly formed community group. That cancels KUOW's agreement to purchase the station.
The group Friends of 88.5 FM has already raised the $7 million needed to buy the station (and $1 million in underwriting for PLU).
A group hoping to buy the public radio station KPLU from Pacific Lutheran University announced Thursday that it’s raised the money to do so.
General manager Joey Cohn delivered the news on-air with supporters cheering in the background. Reaching the $7 million goal paves the way for the group Friends of 88.5 FM to enter negotiations with PLU. If they reach a sale agreement, the previous offer from KUOW will be terminated.
Note: A statement from PLU was received after the airing of the show. Text of the statement is included below.
The University of Washington and KUOW officials worked to keep the acquisition of public radio station KPLU secret, according to a Seattle Times report.
The story says the deal was intentionally described in vague language on an agenda for a UW Board of Regents meeting. The Times story revealed that UW and Pacific Lutheran University officials tried to keep details under wraps for months until they were ready to announce it publicly.
More than 200 people showed up at a meeting of KPLU’s Community Advisory Council on Monday to express frustration over the recently announced sale of the public radio station by its owner, Pacific Lutheran University, to the University of Washington, and its licensee KUOW.