Flailing WTVP strikes new deal with Bank of America

WTVP in Peoria, Ill., has struck a new deal with Bank of America to settle the station’s debt, writes station President Chet Tomczyk on the WTVP website. The bank accepted WTVP’s offer to settle the station’s debt at $5.2 million, due by February 28. See Current‘s story on the station’s debt problems here.