[BC] WFMT owner

[Mike McCarthy]

Actaully, there was another angle...the FCC. At the time, the FCC 
didn't want to see one media compnay have all 4 pillars of access. AM, 
FM, TV, Print.  Tribune (the buyer) faced a very uphill battle with 
it's already mega properties.  So they donated it to the public TV 
outlet which owns it today.

MM

> >From the depths of foggy brain, I seem to recall that WFMT's owner 
was 
> Zenith (yep...that Zenith).
> 
> 
> 
> >   Individual owner (possibly the founder and his family) started 
to sell 
> > WFMT to another station.
> >
> >   (Must have been WGN from your post.)
> >
> >   (NO certain knowledge of WHY owner was selling station - 
possibly wished 
> > to retire.)
> >
> >   WFMT listeners got totally out of joint and formed a "Committee 
to Save 
> > WFMT".
> >
> >   Listeners were afraid that "they" would lose "their station" and 
its 
> > programing.
> >
> >   Seller was not happy about the committee's interference  - just 
wanted 
> > to get his money.
> >
> >   Buyer was facing a public relation disaster.
> >
> >   IIRC Buyer closed sale and then donated the station to a public 
group 
> > which was to continue operate WFMT as it had been.
> 
> 
> 
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Reply to <towers at mre.com>
>From my traveling acount...