From this morning's Radio Insight...
Wheaton College has sold 88.1 WETN Wheaton IL to Educational Media Foundation for $150,000.
The 250w/43m station currently airs a locally produced Christian AC (and seasonal Christmas music) format along with school services and sports. EMF has filed a main studio waiver request to carry the Christian CHR "Air 1" network via KYRA Thousand Oaks CA.
Wheaton will also lease space on the tower it owns for WETN to continue broadcasting from it for five years (with four additional five year renewals) at $500 per month and $200 per month for utilities with a 2% annual escalator.
WETN would become Air 1's third station in the Chicago suburbs joining 88.3 WCLR Arlington Heights and 88.7 WSRI Sugar Grove/Aurora.