Overview

• The finance and investment committee and the full Board of Trustees voted unanimously to approve material terms for the transfer.
• WHYY committed to operate WPSU for at least three years to maintain service in central Pennsylvania.
• The plan replaces a previously rejected proposal requiring $17 million from Penn State with a 30-day exclusivity period for WHYY to raise at least $8.36 million.
• WHYY will pay $1 at closing, and Penn State may hear other inquiries during the exclusivity window but cannot sign another agreement.
• The transaction requires approval by WHYY’s board and the FCC, targets closing by June 30, 2026, and includes interviews for interested WPSU employees for roles WHYY deems necessary.