The University sold WVXU and the X-Star Radio Network for $15 million in March to the private owners of WGUC. The University turned down a larger offer to assure the station stayed locally owned and programming remained the same.
“The sale of WVXU was a tough but very necessary decision by the board of trustees,” says University President Michael J. Graham, S.J. “The sale will allow us to better serve our mission of preparing students by helping to fund the strategic plan and campus expansion. Part of that is the James E. Hoff, S.J., Academic Quadrangle, a living-learning center that will enhance our ability to educate students in the 21st century.”