Date: 05-16-12 11:49
The only cool commercial radio station in boston (WFNX) has been sold to ClearChannel. Man, everything gets worse and worse:
"Boston alternative rock station WFNX 101.7 FM is being sold to the massive radio company Clear Channel Communications Inc., according to a memo from Stephen M. Mindich, the founder of the Phoenix Media/Communications Group, which owns the station. The group also owns the Boston Phoenix, the Providence Phoenix and Stuff Magazine.
WFNX, which was founded in 1983, has been one of the last independent radio stations in the Boston market, catering to a new music niche. But Mindich indicated in his memo that the ratings are no longer high enough to keep the station in business on its own.
“Despite its celebrated history, its cutting edge programming, its tradition of breaking new music, its ardent fans among listeners and advertisers, for some time it has been difficult to sustain the station -- especially since the start of the Great Recession,” Mindich wrote in the memo. “And that is why the station is being sold."
Post Edited (05-16-12 12:08)