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Clock ticking down on The Newshour?
The Public Broadcasting System's long running prime time news magazine, The Newshour, is running short on cash.The financial problem began last summer, when Ag-giant Archer Daniels Midland dropped it's sponsorship after 14 years. ADM accounted for a big chunk of the show's annual budget and Newshour hasn't been able to fill the gap.This month, salaries were frozen and company contributions to staff 401k funds were suspended.
Posted on May 19, 2008 6:03 AM PT | Permalink
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