Word: hanreth
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...will avert a short-term financial collapse of the 281-station, federally funded non-commercial radio network NPR's recent economics woes including a $9.1 million deficit, has forced it to cut back on many of its programs and to fire several of its top executives and staff Jan Hanreth, an NPR spokesman said yesterday...
...including local affiliate WBUR, will begin a centralized fundraising drive on Monday for the first time in its 14 year history. Hanreth said, adding that the money a would be used to pay back the local stations which have recently donated part of their own federal funding to help salvage the financially troubled network...
...turn, NPR agreed to place its independently owned satellites into a special trust as collateral, Hanreth said. CPB wanted the network to give over control of the satellites until they began to pay off the debt, but NPR refused, finally agreeing to place the satellites into a trust run by three people of the network's own choice, he added...
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