Wednesday, January 18, 2017

VA Radio: Saga To Acquire WUVA 92.7 FM

After operating a Charlottesville radio station for 70 years, including 37 years as a commercial FM station, Tuesday the University of Virginia student-owned media organization, WUVA, Inc., announced that it has agreed to sell its radio station WUVA 92.7 FM to Saga Communications, Inc.

WUVA, Inc., owned and operated by University of Virginia students since 1947, will continue to serve the University and Charlottesville communities through its growing online news platform, ( Launched in 2011, WUVA News has become a leading source of journalism.

“It certainly is bittersweet to transition out of FM radio. But on behalf of WUVA’s student leadership, I’m very excited to focus on completing our transition to a digital-first news organization with expanded production capabilities – and now with an endowment to support our future,” said Kailey Leinz (College ’17), WUVA President. “We will remain a strong, independent editorial voice at the University of Virginia.”

“It’s been an honor to serve Charlottesville as a commercial FM radio station. We know Saga Communications will be a worthy steward of our FM facility, as it has a long tradition as an outstanding local broadcaster,” said David Mitchell, General Manager of WUVA-FM, 92.7 Nash Icon. “Saga’s ownership of 92.7 FM will benefit Charlottesville’s listeners, the entire University of Virginia community, and 92.7 FM’s advertisers.”

WUVA 92.7 FM (750 watts) Red=Local Coverage Area
Edward K. Christian, President and Chief Executive Officer of Saga Communications, said, “We have enjoyed working with everybody at WUVA, Inc. and are looking forward to adding the station to our radio group, allowing us to expand our service to the Charlottesville community. Saga intends to continue building its business in both the radio and television markets by identifying and acquiring middle market stations.”

WUVA’s sale to Saga is subject to Federal Communications Commission (FCC) approval. The sale is expected to close in early 2017. As a part of the agreement, WUVA will retain all rights to the “WUVA” trademark and all assets related to the operation of WUVA News.

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