Antioch College said Tuesday it has assigned the broadcast license for the WYSO radio station to Miami Valley Public Media Inc., the nonprofit created by the Yellow Springs college to accept control of the radio station.
This news outlet reported Aug. 1 that the Federal Communications Commission had approved re-assignment of the license.
In January, leaders of Antioch College first announced their plan to sell the station the college had owned since 1958. In a release Tuesday, the college said $3.5 million has been raised to reimburse the college for its investment in the station.
RELATED: FCC assigns local radio broadcast license to new group
The move had long been intended, Tom Manley, Antioch president, told the Dayton Daily News in January. By the time of that earlier announcement, more than $3.4 million in fundraising had already been achieved, led by a $2 million pledge from Charles Berry, an heir of the Berry family that founded the Yellow Pages.
“This is certainly an outcome to be celebrated — a win, win, win: for the station, the college and the community as we hoped and thought it would be,” Manley said in the new statement. “We are very proud of WYSO’s growth from a station founded by our students over 60 years ago, to being the region’s flagship National Public Radio member station for the Miami Valley.”
Since the earlier announcement, the station has prepared for the transition, WYSO General Manager Neenah Ellis said in the release.
MORE: 'American Factory': Fuyao CEO disputes translation in Netflix film
“Every WYSO staff member has worked to create the infrastructure WYSO needs to operate independently,” Ellis said. “We’re grateful to the college for this opportunity and we tip our hats to the WYSO founders, whose vision for public service lives on.”
The college said in January that no immediate programming changes were anticipated.