The University of Texas Board of Regents tabled the request to purchase an additional radio station for KUT Austin this afternoon.
The UT Board of Regents was being asked to approve UT-Austin’s purchase of 98.9 FM on behalf of KUT. KUT would repay the university its $6 million purchase over 20 years, at four percent interest. “No restricted funds, including student tuition and fees, will be used to finance this acquisition,” states backup information on the Board of Regents’ agenda.
Under the proposal brought to the regents, KUT would use the new frequency as a non-commercial, all-music format, and KUT 90.5 FM would become an all-news and information format.
When asked for comment, KUT's management told us, "The chancellor said his office has received some questions about this proposal. We'll work with him and the regents to answer those questions."