WETS-FM (89.5) A review of funding sources, challenges, and - - PowerPoint PPT Presentation

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WETS-FM (89.5) A review of funding sources, challenges, and - - PowerPoint PPT Presentation

Mar 13, 2024 142 likes •313 views

WETS-FM (89.5) A review of funding sources, challenges, and opportunities WETS-FM (89.5) February 1974 - signed 1994 Opened on the air translator station in Lenoir, N.C. 1980 - Became first satellite-connected 2000

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SLIDE 1

WETS-FM (89.5)

A review of funding sources, challenges, and opportunities

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SLIDE 2

WETS-FM (89.5)

  • February 1974 - signed
  • n the air
  • 1980 - Became first

satellite-connected radio station in the Tri- Cities

  • 1987 – Became 24-

hour service

  • 1994 – Opened

translator station in Lenoir, N.C.

  • 2000 – Began audio

streaming on the Internet

  • 2011 – Became first HD

radio service in Tri- Cities; we now have 4 HD channels

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SLIDE 3

WETS-FM (89.5)

  • Beloved gem of the

community.

  • Plays an important

role in fulfilling our public service mission.

  • Our broadcast

coverage area is approximately a 100- mile radius from Johnson City.

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SLIDE 4

Funding Sources

  • State Funding
  • Corporation for Public

Broadcasting (CPB) grant

  • Donations, including

the Fund Drive

  • Underwriting
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SLIDE 5

WETS-FM Revenues and Expenditures

0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 2013 2014 2015 2016 State CPB Donor UW Pgm Cost

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SLIDE 6

WETS-FM Revenues and Expenditures

0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 2013 2014 2015 2016 State CPB Donor UW Pgm Cost

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SLIDE 7

WETS-FM Revenues and Expenditures

0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 2013 2014 2015 2016 State CPB Donor Pgm Cost

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SLIDE 8

WETS-FM Revenues and Expenditures

0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 2013 2014 2015 2016 State CPB Donor UW Pgm Cost

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SLIDE 9

WETS-FM Revenues and Expenditures

0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 2013 2014 2015 2016 State CPB Donor UW Pgm Cost

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SLIDE 10

State Revenue

  • 2012-13 - $471,215
  • 2013-14 - $394,535
  • 76,680 (16.27%)
  • 2014-15 - $391,130
  • 3,405 (.08%)
  • 2015-16 - $361,660
  • 29,740 (7.6%)
  • 2016-17 - $349,280
  • 12,380 (3.4%)
  • TOTAL REDUCTION = $122,205
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SLIDE 11

WETS-FM (89.5) Fund Drive

  • 2015-16 total: $296,394
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SLIDE 12

What does it cost to air a program

  • n WETS-FM?

Morning Edition - $62,222 All Things Considered - $41,307 A Prairie Home Companion - $21,006 BBC World Service - $19,482 Fresh Air - $13,362 Wait, Wait, Don’t Tell Me - $10,707 Here and Now - $10,343

Car Talk - $9,146 The Diane Rehm Show - $1,892 This American Life -$6,480 Marketplace Money - $3,246 The Splendid Table - $2,725 Mountain Stage - $2,174

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SLIDE 13

Personnel Considerations

  • In 2004, WETS had 9 full-time employees and 3

part-time employees.

  • Presently, WETS has 6 full-time employees and

3 part-time employees.

  • The Corporation for Public Broadcasting

requires a station to have 5 full-time employees to qualify for a Community Service Grant.

  • Personnel Costs 2014-15: $393,847 (salaries);

$154,346 (benefits) - 9 full-time, 3 part-time

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SLIDE 14

Goals/Challenges

  • Strengthen our Foundation account
  • Prepare for replacement of tower on

Holston Mountain. Estimated cost: $200,000

  • Need reserves to support any equipment

failure or repair.

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SLIDE 15

Questions