Tuesday, Nov 25, 2014
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CoolEdge - REBEL MEDIA: Grand Jury is NOT about Guilt or Innocence: Ferguson True Bill or No Bill? - Quincy, IL
hmmm ... well, it IS about innocence since there are lower standards for indictment (preponderance) than for conviction (beyond reasonable doubt). Of course if there is a trial both sides will have time to bring more facts, but the prosecutor is going to pretty much "bring it" to get at least to the level of an indictment, as I understand it. If he ain't got it for indictment, how's he…
UrKidsWillPay - Quincy City Council votes to sell defaulting loans - Quincy, IL News - QuincyJournal.com
This is the same "Loser" everyone on here was clamoring to have as the owner of the Necomb property. What good would it have done to sell him more property he wouldn't have paid for?
EgoReputo - Quincy School Board to discuss building project with out-of-town contractor - Quincy, IL News - Quin
Hate to say I told ya so, but…….. This farce was never about new school buildings or “For the Kids”. In fact it was sold to the public in the guise of an Economic Stimulus "Win-Win" Plan. It was always about getting $$$$ from the taxpayers before they realized how much their property taxes would decrease. Billy Madoff Daniels tipped off the plan way back in the fall of 2013 in his comments to the…
1950Brutus - Quincy, IL News - QuincyJournal.com - Illinois Senate committee votes to send minimum-wage hike to t
OK everyone is complaining about the plight of low wage earners and how not passing the minimum wage increase will ruin them. Well sorry to say minimum wage jobs come and they go - that's how it goes. Illinois economy will adjust. - if it couldn't then the 3 lowest minimum wage states should have already dropped off. Everyone wants to complain and gripe if you don't like something you…
qfingers - Quincy, IL News - QuincyJournal.com - Illinois Senate committee votes to send minimum-wage hike to t
Three questions for you... #1 When's the last time you applied for a better paying job? #2 When's the last time you looked for a better paying job? #3 What's stopping you from getting a better paying job?

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Network Knowledge sells farm land from Macomb transmitting site

2 years, 4 months 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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Bob Gough 7 minutes ago

@stltoday That'll help.
Bob Gough on Twitter

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RT @STLtoday: Durbin to chair hearing on civil rights, Ferguson will be topic http://t.co/fxdmHAsNPC
Bob Gough on Twitter

Bob Gough 8 minutes ago

Another trip to the woodshed shaping up for Mizzou hoops. Anderson has to have some time to fix this.
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Bob Gough 10 minutes ago

@Survey1215 @DCClothesline I just hope Sharpton swung by the IRS office with a check on his way to The Lou.