WTVP's Last and Final Offer

Posted on: Sun, 01/13/2008 - 21:48| By: GinaBina

Bank of America and Commerce Bank Reject WTVP Long Term Debt Restructuring Offer this past week. WTVP has submitted its last and final offer. We shall see the fate of the station. Visit wtvp.org for the full story.

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Submitted by GinaBina on

WTVP's final offer is rejected. According to WTVP's website...Chet Tomczyk, President and CEO of WTVP, indicated that there was a faint glimmer of hope. “We need a $2 million angel right now,” he said. "We are that amount different between what the banks said they would accept and what we have available to pay. For an immediate $2 million, we would put the person or company’s name on the building if they wished, but what a terrific legacy that would leave to Central Illinois.”