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Lehrer Says ‘News Hour’ Money Woes Are Worst Ever

May 19, 2008 - 5:14pm — Bibliofuture

It has been a rough few weeks for “The NewsHour with Jim Lehrer” on PBS.

Jim Lehrer said he expects to return to his nightly newscast toward the end of June after aortic valve replacement surgery.

In late April, Mr. Lehrer, who turns 74 on Monday, had aortic valve replacement surgery. He said he was recovering nicely and expects to be back on the air toward the end of June. But the nightly newscast’s funding situation could take longer to heal.

In its 25 years on the air, “NewsHour” has had fallow budget periods, but none that equal the current one, Mr. Lehrer acknowledged. The financial squeeze was precipitated last summer when Archer Daniels Midland ended its 14-year sponsorship of the program. That sponsorship provided nearly $4 million (and some years as much as $7 million) of the program’s yearly budget, which varies from $26 million to $28 million.

Full story here:
http://www.nytimes.com/2008/05/19/business/media/19newshour.html?em&ex=1211342400&en=f866e73...

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May 21, 2008 - 11:25am — nbruce

sponsorship

Maybe PBS won't play nice with American business?

"ADM is a leading manufacturer of biodiesel, ethanol, soybean oil and meal, corn sweeteners, flour and other value-added food and feed ingredients. Headquartered in Decatur, Illinois, ADM has over 27,000 employees, more than 240 processing plants and net sales for the fiscal year ended June 30, 2007 of $44 billion."

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