wfn.org | NETV confirms exit from cable television; fights massive deficit

["Taiwan Church News" <enews@pctpress.org>]

>      Taiwan Church News

>3019 Edition

>January 4~10, 2010

NETV confirms exit from cable television; fights massive deficit

>Reported by Lin Yi-ying

>Written by Lydia Ma

With a deficit of over NT$140 million, the board of directors of  PCT Mass Media Foundation

voted recently to impose furlough at New Eyes Television (NETV)  from January 1 until

February 21, 2010. Furthermore, the network will no longer be  running on cable television,

which will save NETV about NT$50 million per year. NETV has also  confirmed that all of its

programs will cease to run on cable television by January 31 at  the latest.

According to a prayer letter issued by NETV recently, the decision  to give up cable television

was a difficult call to make. However, due to insufficient  financial donations since it became a

television network in 2008 resulting in yearly deficits, NETV had  accumulated a deficit

exceeding NT$140 million by the end of 2009. The only way to stop  the deficit from growing

>was to pull out of cable television.

The prayer letter went on to admit that NETV had adopted  inappropriate policies as well,

which contributed to the financial crisis and it hopes that there  will be other opportunities to

return to cable television in the future when it has enough  funding to do so.

In the future, Christians interested in watching NETV can still do  so by going to the network’s

website (www.netv.org.tw) where they can view programs for free.  NETV plans to continue its

broadcast ministry as it feels it’s important to continue  sharing the gospel, training disciples,

>and witnessing for Christ.

The prayer letter urged churches to support NETV through financial  donations and

encouraged pastors and churches to redirect their annual tithing  toward supporting NETV to

>help the network get through this crisis.

NETV plans to revert back to internet television by February 22,  2010.

>********************

Taiwan Church News is published weekly in Taiwan's local  languages.

You may translate and re-use our articles online only if you  acknowledge the source as

"Taiwan Church News" and list the names of the reporter and  writer.

Contact us before reprinting any of our articles for print  publications.

Direct comments and questions about this article to:  enews@pctpress.org

Visit our website for more news at: http://enews.pctpress.org/  (English)

>http://www.pctpress.org (Chinese)

>********************

> 
>