Friday, Aug 1, 2014
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pjohnf - Mendon men arrested in cannabis investigation - Quincy, IL News - QuincyJournal.com
Migraine, you are so right on, government isn't concerned about citizen's welfare, it's always been about money, power and control. Why do barbers, hairdressers and other such jobs need a license from some state bureaucracy? It's about the money?
WarCry - Sheriff reveals attempted jailbreak - Quincy, IL News - QuincyJournal.com
See, I like that big, empty lot at the corner of 8th/Jersey. Put up a nice, multi-story building, move the county's sheriff's offices and jail over there with underground parking like the city police have. Put in some space for the state police to have an office or two in there as a satellite to the Pittsfield office, and keep some space for growth as needed. Put the jail in the upper sections…
onehawkfan - Sheriff reveals attempted jailbreak - Quincy, IL News - QuincyJournal.com
This facility pre-dates my arrival in Quincy, so I'm wondering if there was a jail facility in there all the time, even when the city owned the building? There is an obvious need for a new county jail, but can we construct and outfit this government building for less than $500/sf? How about Triple-thickness cinder block construction inside a triple-layer electrified barbed-wire perimeter fence.…
Quijote57 - Fast food workers vow civil disobedience - Quincy, IL News - QuincyJournal.com
Unfortunately you are all too accurate in your sarcastic repsonse.
QuincyGuy - Sheriff reveals attempted jailbreak - Quincy, IL News - QuincyJournal.com
Do you know how old that jail is. Older than a lot of you. It was built in the early 50s or late 40s. It IS time for a new jail but "good luck with that". Too many people are too much in to their own life to be concerned about something they'll probably never see or use. I agree with migraine-in-qcy that it doesn't have to be pretty, but it DOES HAVE TO BE SAFE for those working there.…

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Network Knowledge sells farm land from Macomb transmitting site

2 years ago by Bob Gough

Two years ago, the corporation sold its WQEC transmitting tower in Fowler

Network Knowledge, parent company of WSEC/WQEC, is selling more land as part of its ongoing strategy to restructure debt, in part by selling assets deemed non-essential to providing their programming.

“Our primary goal is to deliver quality programming,” said Dr. Jerold Gruebel, president & CEO of Network Knowledge. “We want to broadcast as much of the treasure of national programming as possible, and we want to be a valued community resource for locally-produced programs, primarily in collaboration with community groups and organizations.”

To do this, Network Knowledge has begun a strategy of reducing debt through the sale of assets and diversifying its fund raising by increasing viewer support, attracting more business partners for sponsorship of its programming and creating additional infrastructure revenues, such as increased tower leases.

Two years ago, Network Knowledge sold its WQEC transmitting tower in Fowler, Illinois. WQEC is the Network Knowledge community-licensed public television station for Quincy. With the leaseback of tower space for WQEC (at no cost), the new tower owner is able to generate revenues from tower leases while Network Knowledge was able to reduce debt equal to the sale of the tower.

Network Knowledge is presently completing the sale of farm land it owns for its WMEC/ PBS Macomb transmitting site in Colchester (completion of the sale should take 4 to 6 weeks), and may consider selling its farm land for the WSEC transmitting site in Franklin. Sale of the Colchester farm land will eliminate the line-of-credit debt Network Knowledge has with Bank of America, its primary lender, and give it funds to pay debt service on its long-term loan for approximately half of this fiscal year which began on July 1.

“This sale reduces our overall debt and gives Network Knowledge much needed relief in paying debt service, which in turn helps our operating cash flow. We retain ownership of the transmitting tower and all equipment on it.”

 


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