WFUM-TV Sold to CMU for $1 Million
October 29, 2009
FLINT, MICH.: WFUM-TV, a public station in Southeast Michigan,
is being acquired for $1 million, The
Morning Sun reports. The board of trustees of Central Michigan University
approved the acquisition on Tuesday during a special meeting. The University of
Michigan now runs WFUM, which is said to serve around 8 million viewers. The
acquisition will give CMU the largest footprint of any public broadcast
operation in the state, the Sun said.
Acquiring WFUM will also give CMU first-time exposure on Dish Network and
DirecTV in the Flint, Saginaw and Bay City, Mich. markets. Ed Grant, general
manager of CMU public broadcasting said transmitting the current signals by fiber
would cost around $20,000, plus a microwave link and another transmitter.
The University of Michigan decided to sell the station last April. CMU is
paying for it out of “university reserves” that are expected to be repaid
through public broadcast coffers. An interim management agreement will be
proffered by mid-November, Grant said, adding that CMU wants to take over the
programming “very quickly.”
The FCC must approve of the change in ownership.
“CMU to acquire Flint TV station from U of M” is available at The