Saturday, Dec 20, 2014
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1950Brutus - REBEL MEDIA: Bush v. Clinton...yawn - Quincy, IL News - QuincyJournal.com
I think Carl is on his last legs and will be gone - none too soon. As for Dick M - finding out why he got ousted falls in the category of looking a gift weasel in the mouth. I will take this opportunity to repeat my creed - there is no such thing as a wasted vote if you vote for what you believe in.
DaveVictor - Mayor Moore talks garbage...again - Quincy, IL News - QuincyJournal.com
So, those of using private haulers, who have been subsidizing garbage pick up for years for those who chose to use stickers, now get to pay even more? This isn't going to end well for the Kyle administration.
Givemeliberty - REBEL MEDIA: Bush v. Clinton...yawn - Quincy, IL News - QuincyJournal.com
Been saying this for a couple years now, and I really heard about it last election cycle because I voted for Grimm instead of one of our two Chicago choices. Keep the faith, we're never gonna get a good candidate untill we start to peel off the "I voted for the lesser of two evils" cowards, and get them on our side. I always wondered why Dick Morris lost his job at FOX (as he should have)…
1950Brutus - \'Interview\' pulled after threat; U.S. says North Korea behind Sony hack - Quincy, IL News - Quincy
I decided to hold off prejudging the movie as "crap" but if I was betting money I would bet it is crap. Only thing that could save it "gratuitous nudity".
Givemeliberty - Mayor Moore talks garbage...again - Quincy, IL News - QuincyJournal.com
I have been thinking the same thing, is there a $1000 tax in the works for UPS, FedEx and DHL? Maybe the Federal Government should take a page out of this administrations play book and levy a tax on their competitors trucks. and I am with you on the list of customers, that seems to be serious overreach on the part of any government. The s**t storm of the city rejecting privatization just keeps…

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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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