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PBS Station fending off creditors [Brother, can you spare $450,000]
Peoria Journal-Star ^
Posted on 01/29/2008 10:57:19 AM PST by Sir Hailstone
If WTVP, Channel 47, can raise another $450,000, the public television station and its creditors will have reached a tentative deal for $5.25 million.
"We're excited," said station board president P. Joseph O'Neill. "Everybody is weary of this. The banks are. We are. We just have to find this last amount of money."
The station has been scrambling for money since early December, after Bank of America and Commerce Bank demanded it pay off a $10.3 million loan. With penalties and interest, the balance stood at $7.2 million - and that was after WTVP used most of its cash reserves to pay down debt and extend the deal to Jan. 15.
(Excerpt) Read more at pjstar.com ...
TOPICS: Culture/Society; Miscellaneous
KEYWORDS: illinois; pbs; peoria
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Even though Sesame Street and the late Fred Rogers educated generations of children, the uber-Moonbat programming such as Now with Bill Moyers turns normal people away.
To: Sir Hailstone
Buy them out on the cheap and broadcast nothing but old TV shows, Kung Fu movies, and reruns of MST3K. The station would have a helluva lot more viewers and more original programming.
2
posted on
01/29/2008 10:59:36 AM PST
by
Army Air Corps
(Four fried chickens and a coke)
To: Sir Hailstone
This is what happens when there isn’t any accountability for their programming. LIke you said it turns people off. I can’t help wondering what they spent the money on. Big fat salaries for the managers? Probably.
3
posted on
01/29/2008 10:59:38 AM PST
by
from occupied ga
(Your most dangerous enemy is your own government, Benito Guilinni a short man in search of a balcony)
To: Sir Hailstone
PBS has the best HD nature programming available on broadcast. Loving it.
4
posted on
01/29/2008 11:01:55 AM PST
by
steve86
(Acerbic by nature, not nurtureā¢)
To: Sir Hailstone
Eliminate PBS and their clear bias. No tax dollar should be spent on this garbage heap of propaganda.
5
posted on
01/29/2008 11:03:00 AM PST
by
Archon of the East
(Universal Executive Power of the Law of Nature)
To: from occupied ga
Big fat salaries for the managers? Come now; it's called 'equality in compensation' and 'remaining competitive with competing markets' - not big fat salaries. I, like others, supported PBS for their arts programs, and got political droning. I, like I hope others do, will never support them again while they continue to offer huge compensation packages, salaries that belong at a successful major market television station, and - this one disturbs me the most, large retirement packages with minimal time required to qualify.
It'd be nice to dump the political droning as well.
6
posted on
01/29/2008 11:04:51 AM PST
by
kingu
(We failed to quash Rudy McRomney and gosh, that's exactly who's left.)
To: Sir Hailstone
That station has the most advanced HDTV setup in all of downstate Illinois. They’ve had it for roughly five years, at that.
They have been completely cutting edge, but I didn’t expect they were that much in debt. Since Caterpillar is based there, I thought they had funded the expense.
Wow.
To: Sir Hailstone
Sell NPR & PBS to Err-America for $1, and be done with them.
8
posted on
01/29/2008 11:07:48 AM PST
by
SmithL
(My tagline dropped out)
To: kingu
their arts programs, and got political droningSocialist/statist political droning at that.
9
posted on
01/29/2008 11:09:25 AM PST
by
from occupied ga
(Your most dangerous enemy is your own government, Benito Guilinni a short man in search of a balcony)
To: Sir Hailstone
Geeeee, I wonder if the managers could take a cut in their six figure salaries and perks?
10
posted on
01/29/2008 11:11:31 AM PST
by
fella
(Is he al-taquiya or is he murtadd? Only his iman knows for sure.)
To: Grampa Dave
To: Sir Hailstone
Bank of America and Commerce Bank demanded it pay off a $10.3 million loan."And we never got the tote bags and coffee mugs, either!"
12
posted on
01/29/2008 11:14:53 AM PST
by
jiggyboy
(Ten per cent of poll respondents are either lying or insane)
To: Sir Hailstone
The question PBS used to ask was “If PBS doesn’t do it, who will?”
The answer turned out to be “Discovery Channel, The Learning Channel, Nickolodean, The History Channel, etc.”
Oops.
Why do we need Pravda anyway?
To: Sir Hailstone
14
posted on
01/29/2008 11:24:55 AM PST
by
CPT Clay
(Drill ANWR, Personal Accounts NOW , Vote Hunter in the Primary)
To: ConservativeMind
They’re in arrears because they are nice little liberals, stealing us taxpayers blind.
15
posted on
01/29/2008 11:26:56 AM PST
by
ontap
(Just another backstabbing conservative)
To: Sir Hailstone
As far as I’m concerned, the only saving grace of PBS was the classical music. But they long since dumped that, in favor of brainwashing 24/7.
16
posted on
01/29/2008 11:28:27 AM PST
by
Cicero
(Marcus Tullius)
To: abb; Milhous
17
posted on
01/29/2008 11:30:35 AM PST
by
TenthAmendmentChampion
(Global warming is to Revelations as the theory of evolution is to Genesis.)
To: from occupied ga
Sounds like the PBS station I worked for. And it was only a certain group of elite types that got them. Of course, that is nothing. There were rumors about the outrageous sum (various 5 digit amounts) that was paid to an advertising firm for a logo that was supposedly scribbled on a piece of paper at a meeting. Of course some wheel at the advertising firm was related to a lobbyist who had ties to the station. The logo is hideous and doesn't key all that well.
18
posted on
01/29/2008 11:39:55 AM PST
by
wally_bert
(Tactical Is Still Missing A Chair!)
To: from occupied ga
Sounds like the PBS station I worked for. And it was only a certain group of elite types that got them. Of course, that is nothing. There were rumors about the outrageous sum (various 5 digit amounts) that was paid to an advertising firm for a logo that was supposedly scribbled on a piece of paper at a meeting. Of course some wheel at the advertising firm was related to a lobbyist who had ties to the station. The logo is hideous and doesn't key all that well.
19
posted on
01/29/2008 11:40:00 AM PST
by
wally_bert
(Tactical Is Still Missing A Chair!)
To: from occupied ga
Sounds like the PBS station I worked for. And it was only a certain group of elite types that got them. Of course, that is nothing. There were rumors about the outrageous sum (various 5 digit amounts) that was paid to an advertising firm for a logo that was supposedly scribbled on a piece of paper at a meeting. Of course some wheel at the advertising firm was related to a lobbyist who had ties to the station. The logo is hideous and doesn't key all that well.
20
posted on
01/29/2008 11:40:01 AM PST
by
wally_bert
(Tactical Is Still Missing A Chair!)
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