Grim News from the New York Times

The New York Times is unloading its classical radio station, WQXR-FM, in a complex $45 million deal as the struggling publisher sheds assets to stay afloat.

The deal with Univision Communications and public radio broadcaster WNYC calls for WQXR to move from 96.3 FM to a weaker signal higher up the dial at 105.9 FM.

Univision's Spanish-language station, WCAA, will become 96.3 FM and have a better spot in the middle of the FM band with which to serve its growing Hispanic audience in exchange for $33.5 million.

Meanwhile, WNYC will chip in $11.5 million for the license to 105.9 and the WQXR call letters, along with the station's equipment and Web site

http://www.nypost.com/seven/07152009/business/the_fat_lady_sings_179311.htm