If you’re following the story on Seattle’s legacy station KING-FM, there’s a well-researched article by Feliks Banel in Seattle’s highly respected Seattle newsblog Crosscut. You can access the article here.
Banel sees KING’s financial belt-tightening as an opportunity for the station to make meaningful changes:
While the layoffs will reduce expenses in the short term, the future of KING-FM will require the station to generate more revenue. Oddly enough, this crisis may be just the opportunity that KING-FM has needed for years.
KING has a unique non-profit/for-profit structure that is supposed to give dividends to the local arts organizations, but in 2010 the station is on track to pay zero dividends. KING’s woes also hurt the arts organizations that have come to rely on that subsidy.
Banel lists options that he sees for the station, including doing nothing, folding, or changing its structure to be more like a public station. I won’t go on because it’s the middle of the night as I write this, but if you’re interested it’s a thoughtful article.
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