Duquesne University today agreed to sell WDUQ 90.5 FM to a new operating entity Essential Public Media (EPM), which is a joint venture of WYEP and Public Media Company, a non-profit formed by Public Radio Capital for $6 million.
Duquesne University President Charles Dougherty, WYEP Board Chairman Marco Cardamone and Susan Harmon, Public Radio Capital's Managing Director held a news conference Friday afternoon to discuss the transaction.
"Through WDUQ, Essential Public Media has an amazing opportunity to transform local journalism, offer reliable news and information, spark civic conversation and shed light on important issues," said Cardamone.
He said NPR programs that 90.5 listeners are used to hearing will continue but there's no decision at this time regarding the 100 hours of jazz aired weekly on WDUQ.
Listen to the news conference
Listen to a longer version of the story here.