Northeast Indiana Public Radio purchased the license for 94.1 FM in 2002 for $1.8 million and has been operating it since then as Classical 94.1 WBNI. But NIPR never raised enough money to cover both running costs and debt service from acquiring the frequency, so the broadcaster is now selling 94.1 FM — for $350,000 — to a licensee which will operate it as “Rhythm and Praise” with an Urban Gospel format. – Greater Fort Wayne Business Weekly
