NCTV17 seeks funding support from Naperville as the nonprofit TV station deals with urgent financial crisis [Yahoo! Finance]
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Source: Yahoo! Finance
of financial support to stay viable in coming years, Executive Director Liz Spencer said. “(To) be able to be a steady source, we need some support right now,” she said. “Right now, to keep our staff where we're at — if not grow — and be able to continue our great programming.” In recent years, the one-two punch of soaring inflation and changes to NCTV17's revenue base has forced the station to walk a tight line with its budget, Spencer said. The station “has tried to be good stewards of our money and managers to that budget,” she said. But there can only be so much shuffling before something has to give. Now, NCTV17 needs “some monies to help steady the ship,” she said. And she's hoping that steadying support will come from the city of Naperville itself. Elected leaders, meanwhile, are weighing their options. At its meeting Tuesday, the Naperville City Council unanimously directed staff to look into potential sources and options for providing extra funding to NCTV17. Th
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SPGI
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- 5/6/24 - Form 8-K
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