So the St. Louis Post-Dispatch has updated its story on the likely sale of KFUO-FM:
A board committee, with board member and Omaha, Neb., lawyer Kermit Brashear now serving as special counsel, is charged with pursuing negotiations to “continue the uninterrupted broadcast of the 99.1 classical format in the St. Louis market” via an HD signal â€” a proposal Brashear previously has pitched to a group of local arts supporters.
But the board also gives Brashear’s committee “absolute and sole discretion” for a sale, without further consultation of the full board of directors.
In an interview late Friday, Brashear would not confirm that the buyer will be Joy FM. Asked about the committee’s discretion to sell, he said it was “not (an) open, blank check.” The board “delegated to the committee (the) full ability to make a decision,” Brashear said.
I honestly have no idea what the above means. It’s not an open, blank check but the committee has the full authority to make the decision to sell? Confusing.
Anyway, I thought this quote was interesting as well:
Paul L. Maier, second vice president of the synod and a professor at Western Michigan University, criticized the board of directors for a “capitulation of responsibility” in giving absolute authority to the KFUO committee without requiring endorsement from the full board.