Between 2010 and 2015, more than 30 college radio stations either went off air, transferred their licenses, or entered into programming or shared-time agreements. Among these are Vanderbilt University's KRVU 91.1 FM, University of San Francisco's KUSF 90.3 FM, Rice University's KTRU 96.1 FM, and Georgia State University's WRAS 88.5 FM. In what seems to be a shrinking presence of college radio on the FM dial, this study examines national and local news coverage of recent college radio shutdowns, transfers, and agreements to understand how these events are being presented in the news media. Findings suggest themes in news coverage includes a great deal of attention to the student, alumni, and community responses to station closures and transfers, but limited attention to reasons for the closures and transfers. University administrators were the most commonly quoted or referenced sources in the sample; students, alumni, community, faculty, and staff held significantly smaller shares of voice. Questions about the coverage of college radio closures and transfers as well as college radio's future viability are discussed.