Southern Oregon University and the Jefferson Public Radio Foundation have struck a new contract that gives SOU sole control over JPR's 22 radio stations and creates a third entity to manage assets originally controlled by the JPR Foundation.
Southern Oregon University and the Jefferson Public Radio Foundation (see correction, below) have struck a new contract that gives SOU sole control over JPR's 22 radio stations and creates a third entity to manage assets originally controlled by the JPR Foundation.
The new company, called Jefferson Live! LLC, will be owned by the JPR Foundation as an subsidiary, according to a news release. It eventually would take over ownership of the Holly Theatre in Medford, the Cascade Theatre in Redding, Calif., and other Medford properties off 10th Street, known as Jefferson Square.
"SOU/JPR will not perform any executive management or policy-making role within the (JPR) Foundation or Jefferson Live! LLC," an overview of the settlement reads.
The JPR Foundation's primary job will continue to be to raise funds to support the organization's strategic initiatives.
"No SOU employee will serve as an officer, director, manager or in any policy-making or management role for the foundation or its affiliates," a statement from the agreement overview reads.
Both the JPR Foundation and SOU must consult with each other before selling rights to FCC licenses. Proceeds from license sales must be dedicated funds to support JPR.
The agreement also releases all officers, directors and employees of any legal claims related to JPR, with the exception of former JPR and JPR Foundation Executive Director Ron Kramer, unless he releases SOU and the JPR Foundation from the same claims.
Moving forward, Kramer can serve as a volunteer consultant or independent contractor consultant to the JPR Foundation, but not as an officer, director or employee, the agreement states.
— Ryan Pfeil
Several corrections have been made to this story to more accurately reflect the agreement between SOU and the JPR Foundation.