Emmis selling St. Louis stations

KSHE is an institution in St. Louis. From the RAMP Newsletter...

Emmis Communications Corporation just announced it's selling its St. Louis cluster of stations to Hubbard Radio and Entercom. Emmis says it has reached agreements in principle to sell KSHE and KPNT (105.7 The Point) to Hubbard Radio, and KFTK (FM News Talk 97.1) and KNOU (NOW 96.3) to Entercom Communications Corp.