Chicago’s Radio Arte (WRTE 90.5 FM) will be sold to Chicago Public Media as part of a $450,000 deal that includes both cash compensation ($300,000 purchase price, plus $50,000 in additional consideration) and $100,000 worth of underwriting announcements. The National Museum of Mexican Art, which owns the class D FM station WRTE, also stipulated that […]
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Chicago’s Latino community radio station Radio Arte up for sale
In a scenario that’s becoming too familiar to Radio Survivor readers, the Chicago-based Latino community radio station Radio Arte is now up for sale by its parent organization, the National Museum of Mexican Art. In fiscal year 2009 the museum reported a deficit of $677,121, and according to President Carlos Tortolero the museum has been […]