Jun 5, 2011
Instead of paying for the state for management rights to operate New Jersey's pubTV network, a new nonprofit formed by WNET/Thirteen will actually receive $4 million in fees and grants, sources with knowledge of the deal told the Star-Ledger. The subsidiary will receive a $2 million grant from the CPB previously awarded to NJN, and will keep about $2 million in tower rental fees that private companies pay the network, the paper said. A formal announcement of the five-year agreement is expected this week.
Posted by Dru at 6:23 PM