The University of Evansville has agreed to sell its radio station, WUEV. Our partners at WEHT-TV report the sale to WAY-FM, a national nonprofit radio broadcasting network, remains subject to approval by the Federal Communications Commission.
Shane Davidson, vice president for enrollment and marketing at UE, tells the station the decision to sell did not come lightly.
"Ultimately, this was a strategic decision with the long-term interest of our students as our most important consideration. We evaluate expansion and constriction of programs annually to meet the marketplace of tomorrow. The traditional radio business has seen a transformation over the last decade and easily accessible apps and streaming services have changed the game. Thus, we are utilizing our resources to prepare students for the current and future media environment."
The university says it expects to save $1 million over 10 years as a result of the sale. The station has been on the air since 1950, when the institution was known as Evansville College.
The FCC approval is expected to take at least three months to complete. Until then, WUEV will remain operational and will transition to WAY-FM when the sale is approved.