LIBERTY STUDENT NEWS

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Liberty University auctions off spectrum rights for TV station for $23.1M

Liberty University has added $23.1 million to its coffers after auctioning spectrum usage rights for WFFP-TV, a television station purchased by LU in 2013 to air athletic events and convocations.

Liberty President Jerry Falwell Jr. said LU purchased the TV station in 2013 for $1 million after it went bankrupt. The sale of the spectrum usage rights gave Liberty a $22.1 million windfall.

Source: http://www.roanoke.com/news/virginia/liberty-university-auctions-off-spectrum-rights-for-tv-station-for/article_39b2d165-1762-50c2-ac0c-6af5ad90dd1e.html

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Welcome to Liberty Student News! This is the site to know the latest happenings of Liberty University in Lynchburg Virginia. We have been covering news since 2006 and since then we have broke stories that are important to you. So keep checking us out! Views expressed here are of Santiago Leon and not of Liberty University.

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