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Monday, August 26, 2024

LVNewsBrief: PBS39 Has $8.66 Million Deficit in 2023

Jeff Ward's LVNewsBriefs reports that Lehigh Valley Public Media (PBS39) has a $8.66 million deficit in 2023. "LVPM spent $15.15 million in fiscal 2023 while taking in only $6.49 million. That works out to revenue less expenses of negative $8.66 million. In short, this Bethlehem-based outfit spent almost $1,000 more per hour — PER HOUR — than it took in. Impressive, and yet awful."

How does it plan to turn things around? By hiring a "transformation officer," lol. 

18 comments:

Anonymous said...

That's rather stunning degree of fiscal irresponsibility. Public broadcasting has long been a sacred cow of the left. As cable television, with its dozens of educational, historical, and artistic options began to proliferate - and make money - any discussion about alternatives to PBS was met with ridicule and disdain. Those who raised those points and were shouted down, years ago, were correct all along, of course. When a left leaning blog finally comes to its senses and throws it under the bus, it's over.

Anonymous said...

The left fails at everything it does.

Anonymous said...

Didn’t we just find out last week that they had an $80 million endowment? Was that before or after the $8.66 million deficit for 2023?

Anonymous said...

Love PBS and hope they get through this. As opposed to commercial tv, no or very few commercials and your children can watch age appropriate tv without seeing commercials about the latest toy or cereal or snack food. They have great home improvement without peddling stuff. Cooking shows rock and health related stuff is good too. Drama? I can sit down and watch without commercial interruption unless pledge week. Music? world famous stuff. Biographies are good too. I pay tax and I want some of my tax to go to them because at least I will get something back for may money.

Anonymous said...

Jeff Ward: At their June meeting, they said the endowment was about $80 million. That was well after the end of fiscal 2023.
They received $82 million from the airwaves sale in 2017.

Anonymous said...

Government welfare that only liberals want or like

Anonymous said...

I'm a big fan of PBS. Watch it alot for music, history and other great programming. But if it can't figure out a way to operate, shut it down. Wasn't it Romney who brought this up initially in his campaign and he was torched by the liberal left who think these things just get paid by that money tree the government grows in Washington DC. Sorry Mr. Snuffleupagus, its time you start balancing your books like responsible boys and girls.

Anonymous said...

Yeah, I want my taxes to pay for ESPN or Fox News Channel. But that ain’t happening.

So suck it up, buttercup, and pay like the rest of us. Stop being so entitled.

I shouldn’t be subsidizing your TV any more than you should be subsiding mine.

Anonymous said...

They don't get it. people watching commercial tv are being brainwashed by advertisers to the point to thinking it is a good thing. You are paying for commercial tv everytime you go to the store and pay for stuff you do not need but now think you do. stuff overpriced to pay for commercials, and your kids thinking they need the next new thing...wake up from the advertisers trance.

Bernie O'Hare said...

I personally like NPR and Lehighvalleynews.com. I'm not a great fan of some of the shows, but it is not bc of the liberal bias that I admit is there. My criticism is that many like Here and Now or All Things Considered, are simply not topical. There should be more of an emphasis on news stories. I enjoy The Daily bc it takes one story and gives it a deep dive. But much of the "news" programming is missing the stories. I do enjoy Marketplace and believe LehighValleyNews is doing a great job of providing local coverage. I believe NPR would benefit from more interactivity. WHYY in Philly had a show called Radio Times that was both topical and took calls from listeners. WLVR is too timid to do that, which is why I listen mostly to WHYY.

Anonymous said...

20% to 28% percent of every hour of prime time programming on network tv is devoted to ads. That is 12 to 17 minutes of sales talk you sit through. That's gotta leave a mark.

Anonymous said...

NPR helped keep me sane during last winter's prolonged power outage. I was able to listen to it on my crappy little battery powered radio so at least I had that. Commercial radio is worthless these days. Once wifi came back up I was able to livestream local pbs TV programming in real time on my phone for free (cable and electric down. phone had battery) Alot of advantages to PBS.

Anonymous said...

Of course you like NPR. Why would you listen/read a news outlet that reported endlessly on a fake Russian collusion hoax? They had Adam Schiff do 32 interviews between December 2016 and July 2019 with NPR about Russian collusion in "plain sight". Do you like being lied to? Receipts below

https://www.npr.org/2018/04/25/591260379/what-you-need-to-know-about-the-russia-investigations-alleged-collusion

https://www.npr.org/2018/12/15/676765398/the-russia-investigations-a-case-still-unproven

Anonymous said...

5:22 - kind of like the money we give to Israel for defense? Most of that cash must be spent on American made weapons systems. There are two teams on the field playing the welfare game. Don't be so naive.

Anonymous said...

PBS and NPR doesn’t have a problem. 39 does. This is bad local management. No need to go off thinking “the left fails at everything.” PBS is doing fine, they have lots of support. 39, on the other hand, doesn’t really do anything, and it’s caught up to them. Channel 12- Philly/Wilmington, Channel 44- Scranton/Wilkes-Barre, they’re doing great with a very supportive local community. But 39 has always been kind of lazy, sleepy and not very involved with the community. 39 needs to be reorganized, new blood, new attitude. Maybe it just needs to be given to ArtsQuest to manage.

Anonymous said...

So does the right

Anonymous said...

So does the right

Anonymous said...

But it doesn’t justify burning through public funds like it’s monopolies money