Tuesday, October 14, 2014

District's Radio Station Losing $$



An internal audit of the Greece Central School District reveals that WGMC, the district's radio station, CONTINUES to lose money, as we reported back in Nov. of 2012. 

At that time, we were told that a corrective action plan was being developed to ensure the $107,792 that WGMC owed to GCSD would be repaid AND that the station could survive financially on its own. They reported a decade's worth of losses back then. Currently, their deficit fund balance totals $90,930 almost 2 yrs. later.

When will GCSD cut bait on this losing enterprise? Or does Rob Linton own the Greece BOE?
  

22 comments:

Anonymous said...

good thing they did not get public access. It would be broke now.

Anonymous said...

Not so! They would have gotten the franchise fees from the west side towns cable subscribers. Forty thousand alone from Greece per year . Plus smaller amounts from Hilton, Gates , Chili, Sweden and Parma. For a yearly total in the neighborhood of between 55 and 60 thousand representing 4% of their total franchise fees from T W.C.
That plus fundraising and donations they could survive.

Anonymous said...

I guess 107k down to 97k is "losing" money...Common Core math at it's finest...

Anonymous said...

given their record why would you assume they wouldn't use that up too

SCATS said...

To 6:32PM ~~ As I'm sure you must realize, they have had deficits for at least 12 years in a row. Just because they eased the amount somewhat doesn't make them a winner. Outside of govt, who lives this way & survives?

Anonymous said...

To SCATS~~ I was simply stating your post was inaccurate. The radio station isn't 'losing' money as you state in your title, it 'lost' money. Also in the comment section, you state it 'continues' to lose money, which as the BOE stated last night during the audit committee ramblings, the station has made progress each year. That seems to me that they have not been 'losing' money. Your post makes it sound like the radio station is hemorrhaging money currently. It looks like it hasn't for two years straight. I just hope you edit your own post, which is currently false.

Anonymous said...

Public access? Really?? First, there is no way to get OTA channel 12 or 15 anymore. Time Warner has less than 20% of the population subscribing to their cable package. So franchise fees would be negligible at best...

If you want true Public access, you have to hang out in a driveway off Ridgeway just to get reception...where Public access used to be...

SCATS said...

To 8:26AM ~~ Have they repaid the $50K+ they owed GCSD several yrs. ago? Have they any idea when they will be out of the red ink? If so, tell us when??

Until these & the other questions I've asked get logical responses, I'm not going to engage in word games to make the unacceptable sound petty. It's not. If they can't make it with the FREE SECURITY, PARKING, RENT & UTILITIESthat GCSD provides, then they should be shutting down.

Anonymous said...

As long as Big Al champions WGMC, it will stay on the air.

GREECE= Business as usual.
Get used to it

SCATS said...

To 4:10PM ~~ Big Al? Who is that?

Anonymous said...

the poster refers to Al Meleutis

SCATS said...

To 5:16PM ~~ What does he have to do with the radio station? It's news to me.

Anonymous said...

He used to do a polka show. I don't know if he still does. He has been big supporter and defender/protector of the radio station for a long time.

SCATS said...

To 9:43PM ~~ Polka!?!?

Anonymous said...

To SCATS @ 10:53AM~~ So you are telling me you would rather have FALSE information as a blog post to generate interest or make the station look bad?

These are not word games, simply the truth. Which from your comments and title, are false. How can I believe anything else you say when you twist words and facts around to make yourself/blog more important or 'newsworthy'?

I almost think you work for the district with your shady way of communicating the facts... :)

SCATS said...

To 8:32PM ~~ Your initial response was some wisecrack about Common Core math. Then, I asked YOU several questions. YOU have FAILED to answer them (as I knew you would!).

I think YOU are the one caught up in public education math tricks. You probably subscribe to the notion that if GCSD is told they will get an extra $20 million in State Aid in Jan. but then gets only $10 million when the budget is adopted in April that they "lost $10 million in State Aid." The TRUTH is they got a $10 million INCREASE!

What would be FALSE INFO would be a BLOG post titled: "District Radio Station Making $"
They can't. They haven't. They aren't.

As for my employment ... yes, I work for GCSD. My secret is out. Just look up SCATS on seethroughny.net

Now I must go for my contractually provided personal day ...

Anonymous said...

Ok Mr/Mrs/Ms smarty pants. I can't answer a question about when an entity(WGMC) will pay back a deficit entirely, or when they will be out of the red ink because that all depends on how much "profit" is left at the end of the fiscal year. I can't predict the future.

All I was trying to point out is that the radio station is not currently losing money every year. They MADE money the last two years, and that "profit", which can't really be called profit, is used to pay down the current DEFICIT they have incurred. As for your comment:
What would be FALSE INFO would be a BLOG post titled: "District Radio Station Making $"
They can't. They haven't. They aren't.

You are incorrect. They can, they have, they ARE. For the last two years.

It still amazes me that you can't admit to a mistake as simple as I have suggested.

I compared you to the district because anytime the say something that isn't true or hides the truth, you jump on them like it's the end of the world....
That works both ways, just a reminder.

If you are proven wrong, don't make up crap to hide the fact that you made a SIMPLE mistake.

SCATS said...

To 12:32PM ~~ When it comes to SIMPLE, you take the cake!

Why don't you answer the questions I asked days ago: "Have they repaid the $50K+ they owed GCSD several yrs. ago?" and "Outside of govt, who lives this way & survives?"

What's so tough about that coming from an insider who knows it all? It's really that S-I-M-P-L-E!

P.S. ~ I don't "make up crap." There's plenty of crap already lying about Greece just waiting to be exposed.

Anonymous said...

Coming right up:
As for the first question "Have they repaid the 50K they owed years ago?"

--Obviously not, or they wouldn't be in the hole $90,930 as of last year.

Second question: "Outside of govt, who lives this way & survives?"

--Many. Big companies, little companies, mom and pop stores, etc. Businesses/organizations most likely always have some debt to be paid off, or didn't perform as well as anticipated in one quarter or another so their budget numbers look bad. It can look like they lost money for years, and still operated. Examples- Kodak for one, Pepsico, Hershey Brands, Kellogs, Proctor and Gamble....I could go on and on. They have had numbers "in the red" for long periods of time, yet still continue to operate. For example, In 2008 Amazon’s net profit margin was 2.8 percent. By September 2011, that number fell to 0.6 percent. A year later, it was losing $274 million on net sales of $13.8 billion. And in the latest quarter, ended Sept. 30, Amazon reported a $41 million loss on $17 billion in sales.

BUT THEY STILL EXIST TO OPERATE.

I hope this has answered your questions. If not, ask away...

SCATS said...

To 2:25PM ~~ "In the hole." EXACTLY!! In fact, the biggest lie of all is the one we're told by the BOE & DO Admin. who profess that the radio station is self-sufficient. It is not. It continues to be propped up financially by the district year after year. ENOUGH ALREADY.

PS ~~ I asked who, not what. You gave me lots of what ;)

Anonymous said...

To SCATS @ 7:26PM ~~ I cited 6 "who" companies to answer your question. Starting with Kodak, and ending with an analysis of Amazon.

Did I misunderstand what you were asking for?



SCATS said...

To 4:17PM ~~ Sorta ... In Greece, our town & school electeds do not behave like a business. In fact, they seem to resent the comparison.