Chet Tomczyk,

President & CEO



March 2014

February 2014

January 2014

December 2013

November 2013

October 2013

September 2013

August 2013

July 2013

June 2013

May 2013

April 2013

March 2013

February 2013

January 2013

December 2012

November 2012

October 2012

September 2012

August 2012

June 2012

May 2012

April 2012

March 2012

January 2012

December 2011

November 2011

October 2011

September 2011

August 2011

June 2011

May 2011

April 2011

March 2011

January 2011

December 2010

November 2010

October 2010

September 2010

August 2010

June 2010

May 2010

April 2010

March 2010

February 2010

January 2010

December 2009

November 2009

October 2009

September 2009

August 2009

July 2009

June 2009

May 2009

April 2009

March 2009

February 2009

January 2009

December 2008

November 2008

October 2008

September 2008

August 2008

July 2008

June 2008

May 2008

April 2008

March 2008

No column for February 2008

January 2008

December 2007

November 2007

October 2007

September 2007

August 2007

July 2007

June 2007

Notes from the President and CE0 - April 2008


You did it! You saved WTVP.

Thanks to the generosity of more than 6,400 households in Central Illinois, we had sufficient resources in hand to settle the long term debt issue with Bank of America and Commerce Bank on February 27 – one day before the deadline. We are grateful to all of you and we are committed to providing the top-notch programming and services for a long time to come.

There were a lot of numbers tossed around during the Save Our Station campaign, and you almost need to be a banker to have them all make sense. Here it is in a nutshell. On July 1, 2007, we owed the banks about $8.3 million in long term debt. On September 1, we paid $1.35 million to get a forbearance period to keep the station running until January 15, to continue negotiations and raise more money. This reduced the total long term debt to $6.95 million. Further negotiations ultimately reached a mutually agreeable $5.25 million settlement number. The banks would discount the amount due and we would have to scramble to find the money. This is how that amount was raised.

National City Bank granted us a $1,250,000 mortgage. IFF, an organization that makes loans to not-for-profits, granted us a $750,000 mortgage. SOS pledges that come due after March 1 allowed us to get a $1,650,000 “bridge loan” from National City Bank, cashing in our endowment funds, matching gifts from Caterpillar from the SOS pledges, and major contributions from Glen and Polly Barton and others raised the remaining $1,600,000 in cash. So, $1,250,000 + 750,000 + 1,650,000 + $1,600,000 = $5,250,000.

What we are left with is $2,000,000 in mortgages and the bridge loan that will be quickly retired by the Save Our Station pledges that are being paid now. You can easily see that YOU made the difference. Without your pledges there would be no matching gifts, no bridge loan, no WTVP. You really did save the station. Thank you.

During the process over the past three months there were many, many ups and downs. From scurrilous personal attacks to heart-warming stories of how much WTVP means to individuals, it was an experience. Through it all there was the rock solid leadership of our Board of Trustees and our Chairman, Joe O’Neill, the professionalism and commitment of our staff, and the loyalty of our viewers and contributors. It is something I will never forget.



HOME | Support WTVP | TV Schedule | Programming | Station EventsProduction ServicesAbout WTVP

Shop PBS | | PBS Kids  | PBS Kids Go  | PBS Parents  | PBS Teachers

WTVP 47 · 101 State Street, Peoria, Illinois 61602-1547 (309)677-4747
WTVP &, Public Media for Central Illinois
© 1995-2014 Illinois Valley Public Telecommunications Corporation