UCA will continue to provide office space and $50,000 a year for magazine expenses. In turn, a news release said, the Oxford American will provide UCA two full page ads in each issue, two interns per academic year, an event each year on campus to promote the OA and its programs, and establish an editorial board with two positions being filled by representatives of UCA's College of Fine Arts and Communications and the Writing Department.
Oxford American formally acknowledges nearly $700,000 in past advances from UCA and agrees to repay them, at least half within five years.
Said the release:
"This new agreement clarifies the relationship between the University of Central Arkansas and The Oxford American Literary Project, Inc. As we move forward under this new five-year agreement, we are excited about the possibilities," UCA President Tom Courtway said. "The Oxford American is a prestigious, national literary publication with a very devoted readership. Under this agreement, the OA will continue to have a presence on the UCA campus; many of our excellent academic programs in writing and fine arts will be advertised; and our writing students will have the opportunity be involved, as will our faculty. We believe this is a very good arrangement. It provides benefits to both parties, and we look forward to working the OA publisher (Mr. Warwick Sabin) and his staff as we move forward."
Here's the final version of the agreement, approved unanimously by the board.
A review of the campus-magazine relationship followed controversy that accompanied the firing of the magazine's founder and editor, Marc Smirnoff, and managing editor Carol Ann Fitzgerald.