NY Times sells WQXR and WNYC radio

July 14, Bloomberg: "New York Times Co. agreed to sell WQXR-FM, the New York classical-music radio station, for $45 million in a series of transactions with a division of Univision Communications Inc. and public broadcaster WNYC....

• The transaction will end the publisher’s ventures into so-called terrestrial radio; in April 2007, Times Co. sold its WQEW-AM station to Walt Disney Co. for $40 million.

Times Co. has been selling assets, cutting jobs and slashing wages to cope with plunging advertising sales at its New York Times and Boston Globe newspapers. The publisher is also seeking a buyer for its minority stake in the Boston Red Sox baseball team.

• Univision will pay Times Co. $33.5 million to swap broadcasting licenses and shift its WCAA broadcast to 96.3 FM from 105.9 FM, which will become WQXR, according to the statement. Spanish-language WCAA will get 96.3 FM’s stronger signal.
• WNYC will pay Times Co. $11.5 million for 105.9 FM’s license and equipment and the WQXR call letters."...

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