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Not A Bad Deal If You Can Get It

Harry Jaffe reports that the WTWP, the Washington Post’s radio station, came almost free to the media giant.

“According to sources, the company didn’t pay a dime to move into radio. It got control of a radio station with AM and FM signals essentially for free,” Jaffe writes. “It pays zero to Bonneville for essentially moving onto the airwaves with its own station, WTWP AM-FM. The Post Company did pay for installing a radio studio inside its newsroom. Bonneville pays WTWP’s on-air hosts, Mike Moss, Bob Kur, and Hillary Howard. It also pays a fee to the Post for supplying content through its reporters. The Post gets a share of the advertising revenue if it reaches a certain level.”

Don Graham certainly knows how to bargain.

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