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Confirmed: UT buying Austin's 98.9 FM

Guess we owe an apology to the original poster on the other thread, although the new format on 98.9 apparently won't be classical (which would be silly with KMFA already in the market.)
 
I was skeptical at first too, but "Dick Tater" got at least half of the rumor right: it is UT going after 98.9, just for a full-time breakout of their current eclectic music mix and not for a classical format.
 
Maybe Austin's Greatest Hits will move over to a CC or Entercom station.
 
I should have bought that XM Radio tuner someone was hawking on the net!

They have to vote on it, right?

I will have to call up UT and attend. After all my tax dollars are involved here.

I would rather have them sell it to a for profit entity. We have enough taxation already.

Well I will fire up my DVD burner tomorrow night and start a recording marathon!

At least I have Jammin, but it is not the same!
There is always hope Clear Channel will put an Non Country-Oldies format on 98.1 now that KOKE is on board.
 
The Statesman article draws a comparison to the KUHF/KUHA combo in Houston; however the future KUT/KUTX will most likely resemble the KERA/KKXT pairing in DFW. KKXT runs a variety of musical genres not heard elsewhere.

willdav713 said:
After all my tax dollars are involved here. (snip) We have enough taxation already.
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$6M is pocket change to a school as large as UT. And the money is mostly coming from business underwriters and public donations rather than taxes. Similar argument was made when The University of Houston went after Rice U's KTRU.
 
The article doesn't mention UT's ownership of KVRX. That would make KXBT their third FM in the market... unless they're surrendering their KVRX time to KOOP.
 
There are what, two live on-air folks at 98.9 right now? I sure hope they land somewhere else soon. You have to think this was more than a bit crappy on the part of whatever remains of BMP, but then, that's what passes for radio management today. IIRC, didn't the afternoon drive host McKay just start after moving here for up north?

At any rate, the music mix was good. Does anyone know of what stream it was (when it wasn't local) and where in the Internet it might be heard?
 
Oh, and here's how UT intends to pay for it.

U. T. Austin will pay $6,000,000 to Border Media Business Trust to acquire the license and all assets relating to KXBT-FM Radio. Public Media Company, the acquisition arm of Public Radio Capital, will be paid a brokerage fee of $250,000 at closing for their role in structuring the overall transaction. Because Public Media Company had the exclusive right to negotiate the purchase of the station from Border Media Business Trust, U. T. Austin made a $25,000 option payment this spring to Public Media Company. The source of funding for these two payments is KUT local funds.

The initial acquisition will be funded from unrestricted Unexpended Plant Funds cash reserves of the University through an internal loan at 4%. These monies will be repaid by KUT to U. T. Austin over 20 years with interest from future revenues generated by KUT from sponsorship revenues and gifts. U. T. Austin leadership has reviewed the historical experience of KUT in generating sponsorship revenues and gift monies, has reviewed the pro forma for the acquisition, and has determined that KUT is very likely to be able to make such repayment. However, in the event that KUT is unable to repay the monies extended by the University for the acquisition in full, the College of Communication, which receives programmatic academic benefit from its association with KUT, has agreed to repay any unpaid balance from unrestricted Gift Fund balances it might have at the time. No restricted funds, including student tuition and fees, will be used to finance this acquisition. U. T. Austin is optimistic that, over time, revenue from the strengthened services will help KUT build reserves to maintain new studios in the Belo Center for New Media to provide for unforeseen contingencies, and to create opportunity capital for new initiatives.
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sigh.....

From http://radioinsight.com/blog/headli...exas-to-vote-on-purchase-of-98-9-kxbt-austin/
 
As usual - oldies fans get screwed. I wish KUT woud pick on somebody else. 860 did really well in Austin my last visit. Maybe with a little prodding, the could be persuaded to go C-Quam, which is decodable on most HD radios. I know that sounds stupid - why don't they just go HD, but the last thing Austin oldies listeners would need is a massive hit in 860 signal strength that would go along with HD. 101.1 was a mess in the far NW part of town, about equal parts of KONO, WRR, and KLOL. Perhaps it would be better in the south part of Austin. I didn't try for KLUV 98.7, but I bet it would do very well by comparison with KONO 101.1.
 
One of the very few statioons I enjoy to listen in Austin. Sad, Guess it's back to internet radio on my phone.
 
rbrucecarter5 said:
As usual - oldies fans get screwed. I wish KUT woud pick on somebody else. 860 did really well in Austin my last visit. Maybe with a little prodding, the could be persuaded to go C-Quam, which is decodable on most HD radios. I know that sounds stupid - why don't they just go HD, but the last thing Austin oldies listeners would need is a massive hit in 860 signal strength that would go along with HD. 101.1 was a mess in the far NW part of town, about equal parts of KONO, WRR, and KLOL. Perhaps it would be better in the south part of Austin. I didn't try for KLUV 98.7, but I bet it would do very well by comparison with KONO 101.1.
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How would KLUV 98.7 in Dallas come in here? 101.1 KONO doesn't have tried it before 860 comes in but not very good atleast in my car.
 
ipod time. when a austin ,i really like changed formats. i went to listen to out of town radio, waco,
san antonio. this time maybe ipod or try koke fm or out of town radio stations.
 
bgrn198 said:
How would KLUV 98.7 in Dallas come in here?
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It wouldn't.

101.1 KONO doesn't have tried it before 860 comes in but not very good atleast in my car.
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KONO-FM 101.1 used to put a pretty good signal into Austin before '96 or '97. When it changed its COL from Fredricksburg to Helotes, it moved its tower into San Antonio proper, and, thus, lost the weak signal into Austin that it had when it was northwest of town. When it was a Fredricksburg station, it had some listeners from as far away as Brady and San Angelo, but they're almost certainly out of luck now.
 
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