Originally Posted by nyctveng
They are not stupid. They knew they would lose viewers. But they got $200 million in the process. Money to keep them afloat and money they would never got from the OTA viewers they lost.
I'm fairly certain that the $194 million that the state of New Jersey received for selling
WNJN, Montclair's frequency, went into Trenton's general account, with no amount specifically
earmarked for broadcasting.
In fact, the New Jersey Public Broadcasting Authority, had asked the state that a portion of
the money generated by the sales be directed to the Authority - there was no expectation
to receive all the proceeds.
i don't know the outcome. But with the state's financial problems, it's doubtful if any has
gone to Public Broadcasting.
Also, it's interesting that Authority spokespeople, in trying to justify the sales, stated -
"We want to make sure this money goes back to communities and make sure they get
the information and media they want to see."
It was also claimed that there would be no disruption in services!
Who are you going to believe, Trenton or your own eyes???