The Deal
Tuesday, November 24, 
1:34 pm

Public radio station goes private

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It's official. New York's National Public Radio affiliate WNYC radio station has taken the final step of cutting its ties from the city of New York by recently moving from its home of 84 years at the New York Municipal Building at 1 Centre Street in Manhattan. WNYC made a $45 million move northwest to a larger space of two and a half floors totaling 71,900 square feet in a 12-story former printing building near the Holland Tunnel. The station began the process of severing its umbilical cord to the city in 1997 when then-Mayor Rudolph Giuliani put the station up for sale as part of his plan to raise revenue by selling certain city assets. Listeners and other donors banded together to form a nonprofit called the WNYC Foundation to buy the station for $20 million. The sale ended a 75-year relationship between the city and the station. Today, WNYC reaches more than one million unique listeners a week making it NPR's largest affiliate. — Gerald Magpily

See story from The New York Times

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