Harry Jaffe reports that the WTWP, the Washington Post’s radio station, came almost free to the media giant.
“According to sources, the company didnâ€™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.