Connecticut Public Broadcasting Network

Conn. network strikes deal with LocusPoint on proceeds from spectrum auction

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The Connecticut Public Broadcasting Network plans to relinquish the spectrum assigned to WEDW-TV in Bridgeport, one of four stations in its statewide network, in the FCC’s upcoming auction, according to documents filed with the FCC. Under its agreement with spectrum speculator LocusPoint Networks, the pubcaster received an undisclosed cash payout from LocusPoint and will share a portion of its future auction proceeds with the company. Financial details of the contract, approved by the network’s board of trustees in June 2013, have been redacted from FCC records due to a mutual confidentiality agreement. Connecticut Public Broadcasting Inc. is among the sole-service public TV licensees identified in a July CPB white paper warning of the creation of a “white area” — the loss of PTV broadcast service — if pubcasters choose to auction off their spectrum. But that won’t happen in this case, according to officials from LocusPoint and CPBN.

System/Policy

University licensee trims Arizona Public Media by $2M over five years

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Arizona Public Media will lose $2 million in support from its university licensee over the next five years starting July 1. Over that time, the University of Arizona’s annual cash contribution to AZPM will fall 4 percent a year, from $2.6 million to $600,000. University leadership “is working with us to identify sources of new revenue,” General Manager Jack Gibson told Current. The university has weathered nearly $200 million in cuts since 2007 due to reduced state appropriations. Administrators “have turned up the heat wherever they could to recover working capital,” Gibson said.

Programs/Content

NPR cancels ‘Tell Me More’, cuts 28 staff positions

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A mandate for a balanced budget and a drive to reduce its production commitments spurred NPR to cancel Tell Me More, one of the few remaining broadcast shows outside of its newsmagazines that the network produces itself. NPR will end the production as of Aug. 1 as part of a broader newsroom restructuring announced May 20. Twenty-eight jobs in its newsroom and library will be cut; eight of the positions are currently unfilled. Tell Me More, a weekdaily program featuring host Michel Martin and focusing on news topics related to people of color, now airs on 136 stations.

Development

Sponsor churn, ebb in digital cut into NPR’s bottom line

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With one of its biggest corporate sponsors pulling back from a multiyear underwriting commitment, NPR has an uphill climb to rebuild its sponsorship revenues from 2011, when the network’s sales reps reeled in enough deals to set a new earnings record. High turnover — or “churn” — among its corporate clients, and the pullback of companies that spend the most money on advertising, cut into NPR’s bottom line in the fiscal year that just closed. After netting $2.4 million in profits in 2011, largely on robust sponsorship sales, the network aimed high for 2012. But sales fell far short of projections. For fiscal year 2012, which ended on Sept.

Development

NPR budget for 2013 projects $5 million deficit

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The 2013 budget approved by the NPR Board Sept. 14 projects a $5.1 million operating deficit, with expenses adding up to $185.5 million and revenues projected at $180.4 million. Management plans to cover the shortfall with working capital and operating reserves. The 2013 spending plan anticipates a 5 percent gain in sponsorship income, which fell far behind projections this year. NPR expects to close fiscal 2012, which ends Sept.

Programs/Content
Engelhardt

Pacifica orders austerity cuts after grim auditors’ report

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Responding to a June 15 auditors’ report expressing “substantial doubt” that the Pacifica Foundation has the financial wherewithal “to continue as a going concern,” Executive Director Arlene Engelhardt recently notified the five Pacifica radio stations to prepare for deep cuts in their budgets and staffing. The audit, which examined the foundation’s finances for fiscal year 2011, was the second consecutive report questioning Pacifica’s financial viability. Although Engelhardt disputed the auditors’ warnings — “We can always take to the air and raise money,” she said — she directed the stations to make cuts of at least $1 million from their collective budgets. The reductions were to be made immediately, but at Current’s deadline, decisions being made at local stations could not be confirmed. While Pacifica has made substantial progress in reducing its operating deficit from $2.7 million in fiscal 2009 to $564,000 in 2011, “we still have not made inroads on the debt,” Engelhardt said in a telephone interview.