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EDIT:
This Article, which I have had to edit, was sent to me included in a Reclaim News letter, for which I have recieved full rights to quote. However, The St. Louis Post-Dispatch hasn't given direct permission, so please forgive me for chopping this a bit. If I can procure permission, I'll seek permission in turn to restore the entire article. I will post a link as soon as I can find the original story, if it's available on-line:
Interesting...
Synger has kindly researched the location of this article and she has posted the links below.
This Article, which I have had to edit, was sent to me included in a Reclaim News letter, for which I have recieved full rights to quote. However, The St. Louis Post-Dispatch hasn't given direct permission, so please forgive me for chopping this a bit. If I can procure permission, I'll seek permission in turn to restore the entire article. I will post a link as soon as I can find the original story, if it's available on-line:
KFUO radio station sold for $18 million
By Sarah Bryan Miller
ST. LOUIS POST-DISPATCH
10/06/2009
The Lutheran Church-Missouri Synod will sell its 61-year-old classical music station, KFUO-99.1 FM, to Gateway Creative Broadcasting, the LCMS and Gateway announced today, for $18 million plus $8 million in interest over a 10-year term.
The sale will become final in March, pending the approval of the Federal Communications Commission and transfer of the license...
"...The board reportedly decided it wanted to sell to a Christian organization. However, said the Rev. Dr. Paul Devantier, senior vice president at Concordia Seminary, Brashear refused to acknowledge a Lutheran group which wanted to buy the station and retain the format.
LCMS second vice president Paul W. Maier, a professor of history at Western Michigan University in Kalamazoo, charged that the board had ignored a petition signed by 41 church leaders, and abandoned its responsibilities. At its August meeting, the board turned over full authority to sell the station to Brashear. No discussions within the Synod were ever held.
...After learning of the sale, Neidorff and Wilkinson issued a statement that said "the entire process leaves many questions unanswered." It also expressed "dismay that Kermit Brashear was not willing to negotiate with the (KFUO) Radio Arts Board or provide us upon our request the terms of any sale."
Opponents of the sale, both within the LCMS and the Friends, said that they were considering appeals to the FCC and legal challenges to the sale.
Interesting...
Synger has kindly researched the location of this article and she has posted the links below.
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