BREAKING NEWS: 4 Foundations purchase 60-day-option on DUQ

The Post-Gazette is reporting that four local foundations have purchased a 60-day option for the radio license of WDUQ-FM. That’s according to Grant Oliphant, the president of the Pittsburgh Foundation. The “hand money” allows there to be some “breathing space” for local funders to develop the “strongest vision for what the station should be.” Oliphant and his collegues see the need to strengthen public service journalism in the market. No amount has been specified.

In addition to the Pittsburgh Foundation, the Heinz Endowment, the Richard King Mellon Foundation and an anonymous funder have contributed to the “hand money” given to Duquesne University.