UNIVERSITY PARK, Pa. (WTAJ) — A new deal to help save Penn State's public radio and television station has been approved following a Board of Trustees vote Monday.
According to the trustees, they approved the material terms of a proposed transaction that would allow the university to transfer the operating assets of WPSU to WHYY, a Philadelphia-based media organization. The deal authorizes Penn State to negotiate and execute a transaction with WHYY. The proposed plan is subject to approval by WHYY's board and the Federal Communications Commission (FCC) before it can be finalized.
“We know what WPSU means to its listeners and viewers and the vital role public radio and television plays in Central Pennsylvania,” Senior Vice President for Finance and Business/Treasurer Sara Thorndike said.