DEAL CLOSE TO BEING REACHED TO SELL NJN

A new report says a New York City based station will take over the operations are New Jersey Network. The Star-Ledger reports that WNET, a PBS flagship station, are finalizing the deal that could be announced this week. The company would keep non-profit operations but the employees and station operations would no longer be on the state’s payroll. According to the report, NJN would cost nothing to acquire, but the state would save around $11 million a year.

Check Also

AVALON ELIMINATES ALL LONG TERM GENERAL OBLIGATION DEBT, NO TAX INCREASE IN ’21

Avalon’s Council introduced a new municipal budget Wednesday evening that includes the achievement of the …

Leave a Reply

Your email address will not be published. Required fields are marked *