Posts Tagged ‘ WTVP ’

WTVP has reached a tentative deal with its creditors. All it’s gonna take is another $450,000 in donations to the station, and the bank won’t kick ‘em out of their fancy-schmancy studio on the Riverfront and liquidate everything. They’ve got until until Feb. 28 to do it. Here’s the problem. We’re right in the middle of...
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Links via the Journal Star. The Journal Star Has its full article about City Manager Randy Oliver’s resignation. The lede is, for some reason, an anecdote about former police chief John Stenson and roadkill. Howett and Lincoln avenues in south Peoria are getting narrowed to make room for bicycle lanes. Good. Anything to slow down traffic...
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WCBU-FM is carrying a report that I think explains perhaps why Bank of America called in WTVP’s loan — even though the station had never missed a payment.  It seems the station has been operating at a $288,000 deficit every year for the past four years. WTVP’s latest 990 form [a document all not-for profit...
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Links via the Journal Star. The snarky commentary is my own: Taxed to death: There’s a lot of comment on the “death tax” in the Journal Star article on last night’s debate. John Morris wants to eliminate the estate tax. Commenters say things like this: ” Why should someone inherit $35,000,000 just because they...
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Today’s news links are via the Journal Star. The snarky commentary is my own: If Bank of America is so damn sure that WTVP cannot possibly pay off its $6.9 million debt (even though the station never missed a payment), when why would it NOT accept a $4 million cash payment now? They could have...
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The links are via the Journal Star. The snarky commentary is my own. Blago wants to give Baby Boomers free rides on mass transit. Growing up, I didn’t begrudge freebies for the geezers. But in my youth, old people were the people who fought in World War II and survived the Great Depression. Most of...
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All links via the Journal Star: I came away from this article on WTVP’s money woes convinced of two things: First, the station thought that good times would never end and that donors and the government would just continue to pour money into the station. So they went out and built what can only be...
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Today’s links via the Journal Star, unless noted: Kudos to Terry Bibo for finally getting into print what I had been wondering all along. WTVP has never missed a payment on the debt it incurred on it’s new studio. Instead, Bank of America has demanded full payment immediately because the number of pledges differs from...
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