Local News

FINANCE COMMITTEE TO EXAMINE WCTV FUNDING

(Richmond, IN)--The future of WCTV was discussed when Richmond Common Council met Monday night.  The local community access station is in jeopardy after the contract with IU East was terminated.  The station is required to hold a cash balance equal to 1/6 of its annual budget.  "Failure to do so terminates that contract on request," said Arte Libunao, the IU East Vice Chancellor of Finance.  WCTV Board member Ken Paust told council what the station is facing.  "What's happened over a period of years is that the amount of money that WCTV has had to function and operate has shrunk every year and is continuing to shrink," Paust said.  Council on Monday night sent the issue to the Finance Committee to see if the city’s contribution to the station can be modified to help sustain WCTV in some form long-term.