Salt Lake news station back in jeopardy

KCPW in Salt Lake City is less than two weeks from a loan default that could put it off the air. The new nonprofit licensee celebrated its purchase of KCPW frequency to maintain the news/talk station in 2008, but it’s now struggling to make payments on loans that financed the $2.4 million purchase. Wasatch Public Media has until Oct. 31 [2011] to pay off a $250,000 loan from National Cooperative Bank, and if it fails, the bank will call in a separate $1.8 million loan. A rescue package put together last week by Salt Lake’s Redevelopment Agency fell through over the weekend.