South Florida Public Media Group and the Miami-Dade School Board have reached a settlement. Their dispute over the $6.45 million purchase of Hip Hop 104.7 The Flame WFLM in Palm Beach Shores is now, at last, on a path to resolution.
What we know: South Florida Public Media Group agreed last June to buy WFLM from JDD Radio. The school board sued South Florida Public Media Group in September, alleging breach of contract and misuse of funds. Then, in February, the MiamiFCC approved the acquisition — calling the dispute a private civil matter. Shortly after, both parties reached a settlement in principle at mediation.
What’s at stake: The deal restructures who holds the power. Upon closing, the WFLM license transfers to the school board for just $1. South Florida Public Media Group retains day-to-day management under a revised agreement. Crucially, all funds, donor lists, and revenues must be held in trust — exclusively for the stations’ benefit…