NJ Senate okays study of NJN assets as part of break from state

The New Jersey Senate today (June 28) approved a study of New Jersey Network's assets and its plan to break from the state, NorthJersey.com is reporting. Under the legislation, a panel would investigate the value of equipment and licenses held by dual pubcasting licensee NJN, and ascertain if it could operate as an independent nonprofit without state funding. The network's state support in fiscal 2011, beginning July 1, falls to $1.98 million from $3.9 million in FY10. Howard Blumenthal, NJN's interim executive director, wanted the stations to go independent July 1 (his plan, PDF). The network has been asking for independence as far back as 2008 (Current, May 12, 2008).