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LCMS Board of Directors
Saves KFUO
By: Rev. Jack Cascione |
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At its February 2003 meeting, the LCMS Board of Directors moved quickly to
separate control of KFUO AM and FM from the LCMS Department for
Communication Services and placed it directly under the control of Board of
Directors.
It is reported that LCMS Communications' staff were interested in selling
KFUO and the Board of Directors decided that it was an important part of the
LCMS's ministry.
KFUO had been a self-funding operation. However, funds raised by the
station were being used to cover expenses incurred by Communication
Services. Thus, on paper it appeared that KFUO was a liability to the
LCMS and needed to be sold. The Board of Directors' solution was
simple: Separate KFUO from Communication Services and let it get back into
the black.
The following statement appears on the LCMS Website
http://www.lcms.org/bod/HighlightsFeb03.pdf
"Radio Stations KFUO AM and FM
Financial challenges experienced by KFUO Radio due to current economic
conditions and other concerns resulted in a Board action to assume direct
oversight of the stations on a temporary basis, effective immediately. A
subcommittee of the Board will work with KFUO staff and former members of an
oversight committee to discover the best oversight arrangement for the
stations. A recommendation will be offered by the subcommittee at the
Board's May meeting."
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March 20 , 2003 |