After 11 years of broadcasting, Manhattan’s East Village Radio will sign off permanently on 23 May.
Station CEO Frank Prisinzano told EV Grieve that rising costs were the root cause of the shutdown—“Every time we get a new listener, it costs us more money with licensing fees and Internet costs. After doing some projections, we see that it is going to be very, very difficult for us to continue to break even.”
Peter Ferraro, the station’s general manager/head of programming, added “We pay a higher rate for royalties and licensing than pandora pays. We live in a world where these behemouth [sic] music-streaming services keep going in for more capital, it’s almost like we are being penalized for our growth.”
The coming week will see opportunities for the corral of DJs to put on farewell shows, with the final sign off taking place next Friday, 23 May.
Read EV Grieve‘s full interview with Prisinzano and Ferraro here.
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