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Article: WTVP's outlook grim; regular programming continues
- Article from:
- The Pantagraph Bloomington, IL
- Article date:
- January 16, 2008
- Author:
CopyrightCopyright 2008 The Pantagraph Bloomington, IL. Provided by ProQuest LLC. (Hide copyright information)
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PEORIA - The bell didn't toll for Peoria's WTVP on Tuesday, as
threatened.
At the same time, the debt crisis that may force the public
television station to sign off the air for good "has not been
resolved," station Ppresident and CEO Chet Tomczyk said.
He added, "It's a day-to-day thing right now."
Tuesday was the deadline for paying off the station's outstanding
long-term debt of $6.9 million owed to Bank of America and Commerce
Bank.
The banks rejected a final offer made late last week to
restructure the debt and keep WTVP operating.
The offer involved $4 million, from pledges to a "Save our
Station" campaign and a mortgage from National City Bank and the
Illinois Facilities Fund.
In a ...