WMFE is selling its PBS TV station to DayStar for $5 million. Contributions to the TV station are down 40% since 2007, and corporate giving (from those greedy immoral capitalist pigs) is off even more.
Their NPR station is facing the prospects of the possibility of losing funding from CPB, so they decided to throw in the towel and try to save the radio station with money from selling the TV station.
Even though the NPR ban hasn’t passed, just the threat is causing change. Let the shakeup begin, and the insanely high salaries for “non-profit” public broadcasting executives begin being brought now closer to the common people.
Don’t care about salaries. Defund (tax bucks) the whole bunch and let the market sort it all out.
Well, once you strip out the free Federal money, the salaries will take care of themselves. The only reason the size of the salary matters to me is they are working for 501(c)3 tax-exempt charities. Take away the tax deductabiity and the non-commercial frequency setaside from 88-92 Mhz and I don’t care at all :)
If you haven’t read it yet, the history of Minnesota Public Broadcasting iin my “Who owns Big Radio” section very interesting. Prairie Home Companion’s merchandising got so profitable, they had to move it out into its own for-profit corporation -which then gave its profits back to fund the non-profit side.
De-fund! De-fund! De-fund!