KCPW FM to be sold to local investor group

By Jasen Lee
Deseret Morning News
Published: Friday, March 28, 2008 11:40 a.m. MDT
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After weeks of negotiations with various potential suitors, the Board of Trustees of Community Wireless of Park City voted unanimously today to sign a letter of intent to sell the assets of Salt Lake City-based KCPW FM to Wasatch Public Media Inc. for $2.4 million.

The KCPW AM station will be sold to IHR Educational Broadcasting for $1.3 million, according to a statement from the Community Wireless board.

Wasatch Public Media is a group led by former KCPW general manager Ed Sweeney. The group has said it is committed to maintaining KCPW's existing National Public Radio format.

IHR Educational Broadcasting is a California-based nonprofit group that runs a network of Catholic radio stations. The assets of the KCPW AM station consist primarily of a broadcasting tower and the licenses to broadcast on the 1010 AM frequency.

Community Wireless is the parent company of Park City-based NPR affiliate KPCW FM in addition to KCPW AM and FM.

E-mail: jlee@desnews.com

2 comments

Recent comments

I am delighted also. KSL (way to many commercials, KLO (way to many...

Ken Goddard | March 28, 2008 at 6:36 p.m.

I'm delighted that the station will continue in the form it has...

Danny Kramer | March 28, 2008 at 3:57 p.m.