Update: The sale of KUSF is being brokered by Public Radio Capital/Public Media Company, a financing agency on behalf of public media growth. PC/PRC shared board members with the Future of Music Coalition, the DC advocate for independent musicians with the FCC. Media Alliance’s letter of concern to the Future of Music of Coalition is below. 
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Update: On Wednesday night January 19th, hundreds of people filled up USF’s Presentation Hall for an angry 3-hour question and answer session with USFs president. The crowd of station staffers, volunteers, students, faculty and station fans were distraught. USF said the license transfer was a done deal pending FCC approval of the transaction. Video snippet from the meeting below.
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In a sudden move that took many by surprise, the University of San Francisco sold the broadcast license of KUSF as a new frequency for the nonprofit iteration of classical station KDFC.
The university reported a sale price of 3.75 million dollars for the frequency license, although not the call letters and that the alternative music station would revert to an online format and a “student digital lab” mission, rather than a working broadcast outlet.
The deal was a complicated 3-way swap with radio giant Entercom freeing itself of operating KDFC as a commercial classical music station and picking up KDFC’s old frequency at 102.1 to simulcast San Jose classic rock station KFUX in San Francisco.
KDFC will revert to nonprofit operation with its license housed at the University of Southern California and begin broadcasting on two newly acquired frequencies: 89.9 from former Christian music station KNDL and on KUSF’s old signal at 90.3.
This is a terrible loss for fans of the unique alternative music and edgy cultural format of KUSF, relatively unique on the Bay Area radio landscape.
Concerns Regarding San Francisco
To follow the resistance efforts and help KUSF: here are links.
http://www.kusf-archives.com/
http://www.facebook.com/SaveKUSF