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UJacks1 - Obama to ban bullets by executive action, threatens top-selling AR-15 rifle - Quincy, IL News - Quin
Write my congressmen? Why? Their asses are so whipped they can't sit down!! Dickie Durbin? Aaron Shock? Really? Write - hell my bet is they and their staffs can't read passed the 3rd grade level and they sure can't pay attention for any thing lengthier than a half page of L A R G E type! Just sayin' its time we bypass congressmen just the way Obama does. Remember this bs and more…
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How does the GOP think it is to win an election in 2016 with behavior like this from these two characters? Boehner & McConnell such sorry 'leaders' of the GOP. Maybe Obama Admin was talking about these two when they called 'chicken - sh*t' - describes them more than it does Benjamin Netanyahu!! If GOP wants the 3Mil to vote in 2016 the GOP needs to get rid of these two clowns and…
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Calls to disband the police department, go ahead, then let those making that demand police themselves and see what the results would be. Definitely not a place I would want to own a business in let alone live.
1950Brutus - Senate committee will propose taking $580 million from special accounts - Quincy, IL News - QuincyJo
My memory must be leaving me - wasn't there talk of raising the gas tax for road repair but now we are raiding this fund to cover shortages in other areas?? What am I missing here??
1950Brutus - Nancy Pelosi: Netanyahu speech ‘insulting to the intelligence of the United States’ - Qu
From this picture she looks all dried up - now we just need to wait for her to blow away.

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Network Knowledge sells farm land from Macomb transmitting site

2 years, 7 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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