See the link below. From the article:
“UNIVERSITY PARK, Pa. — The Penn State Board of Trustees Finance and Investment Committee today voted against a proposed transaction to transfer the operating assets of WPSU public radio and television stations to WHYY, a public media organization based in Philadelphia. Board members rejected the proposal for the University to support the transition of WPSU’s assets to WHYY with a $17 million subsidy over five years. Penn State has budgeted funds for WPSU's operations through the end of June 2026. Now, the University will develop a wind down plan ending, at the latest, on June 30, 2026.
“This was an incredibly difficult decision for trustees, as WPSU has long provided quality public broadcasting programming for communities throughout Central Pennsylvania,” said Board Chair David Kleppinger. “We have worked with the administration to find the best path forward for the station and our people who work there. But, given the significant headwinds facing higher education and public media, we could not support the proposed transaction. We know this is a deeply disappointing outcome and we are grateful to the dedicated WPSU employees whose work has enriched our lives and made our community stronger.”“
www.psu.edu

“UNIVERSITY PARK, Pa. — The Penn State Board of Trustees Finance and Investment Committee today voted against a proposed transaction to transfer the operating assets of WPSU public radio and television stations to WHYY, a public media organization based in Philadelphia. Board members rejected the proposal for the University to support the transition of WPSU’s assets to WHYY with a $17 million subsidy over five years. Penn State has budgeted funds for WPSU's operations through the end of June 2026. Now, the University will develop a wind down plan ending, at the latest, on June 30, 2026.
“This was an incredibly difficult decision for trustees, as WPSU has long provided quality public broadcasting programming for communities throughout Central Pennsylvania,” said Board Chair David Kleppinger. “We have worked with the administration to find the best path forward for the station and our people who work there. But, given the significant headwinds facing higher education and public media, we could not support the proposed transaction. We know this is a deeply disappointing outcome and we are grateful to the dedicated WPSU employees whose work has enriched our lives and made our community stronger.”“
Board committee votes against subsidy to fund transfer of WPSU assets | Penn State University
The Penn State Board of Trustees Finance and Investment Committee today (Sept. 11) voted against a proposed transaction to transfer the operating assets of WPSU public radio and television stations to WHYY, a public media organization based in Philadelphia. Board members rejected the proposal...