QUICK TAKES - Sept. 2, 2009
WGBH, the Boston media company that produces more than one-third of PBS’ prime-time lineup -- including “Frontline,” “Nova” and “Antiques Roadshow” -- must reduce its budget this year by about $7 million, the Boston Globe reported Tuesday.
The newspaper said that WGBH is suffering from the same economic forces squeezing many other public television stations: reduced contributions from foundations, corporations and individuals. Its endowment has eroded because of the recession and it owes millions in loans for the construction of its headquarters that opened two years ago, the Globe said.
Despite the hardships, WGBH still has a sizable budget; its income last year was $231 million, the paper said.
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