Monday, Sep 1, 2014
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AdamsCountyGuy - Durbin makes fund-raising stop in Quincy - Quincy, IL News - QuincyJournal.com
Was there anyone at this thing except other politicians and some media? I have a hard time believing this clown has much support in this area anymore.....
LNeck2012 - Lovelace\'s first court appearance tentatively scheduled - Quincy, IL News - QuincyJournal.com
I repeal what I said. I did not know that. I thought the umbrella of spousal privilege stop the spouse from testifying, even if they wanted to. Maybe ole' Dick Wolf should have looked into that better.
pjohnf - Governor hopefuls rip each other on hiring, taxes - Quincy, IL News - QuincyJournal.com
Pat Quinn, Rauner uses his own money to create wealth and jobs, whereas Quinn uses tax dollars to buy votes and keep power.
pjohnf - Oberweis gaining on Durbin in IL U.S.Senate race - Quincy, IL News - QuincyJournal.com
"Durbin was beating Oberweis in Chicago and suburban Cook County." Wow that's a news flash, the corrupt democrats have Chicago and Cook county in their pocket with the good old boy network handing out government jobs and spending tax dollars to buy votes. I'd like to think Oberweis has a chance to get rid of Durbin but with Chicago and Cook county voter fraud and vote buying I just don't…
XBgCty - Rauner to make Quincy stop on Saturday - Quincy, IL News - QuincyJournal.com
I have heard from MANY voters here, that number 1, never saw the person passing the petition around (the one in California) and number 2, that they were told the petition was for term limits and other lies, NOT for a Libertarian candidate. The democrats in this state want a libertarian on the ballot, to help democrats. So a vote for any other candidate is a vote for Quinn, and a wasted vote. A vote…

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Network Knowledge sells farm land from Macomb transmitting site

2 years, 1 month 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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