Cash-flow woes seen at 1 in 4 pubTV stations, CPB finds

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More than a quarter of pubTV stations are having problems with liquidity and almost as many with debt burden, with “some stations in dire straits,” CPB station grants chief Kevin Martin told the CPB Board today. Martin said the financial distress “cuts across large, medium and small, urban and rural stations.” Community licensees are over-represented among those in trouble, but little stations are not. “When you looked at financial strength versus size, there’s no indication that size matters,” says Walter Parsons of BMR Associates in Seattle, Wash., the lead consultant. “Strong stations are large and small, less strong stations are large and small.”