Free Republic

MPT slashing staff, salaries, marketing as it faces shortfallNew 'Wall Street Week' fails to attract sponsorsBy David FolkenflikSun Television WriterAugust 24, 2002Officials at Maryland Public Television are embarking on sweeping layoffs, across-the-board salary cuts, demotions of many executives and an elimination of all marketing efforts as they combat deep drops in revenue. "We've had to [cut] personnel as a last resort," Robert J. Shuman, president and chief executive officer of MPT, said yesterday. "It's been difficult across the board." MPT officials acknowledge that the budget problems have been compounded by their failure to draw any significant corporate sponsors for the...