Comcast Provides Interim Funding

Posted by Mitchell - December 1, 2004 (entry 259)

From CAN TV:

Comcast and the City of Chicago have joined forces to address both the short-term and long-term funding problems at CAN TV. Comcast made a proposal for interim funding over a three-year period that has been accepted by CAN TV. At the December 1, 2004 meeting of the Chicago City Council, Alderman Stone substituted a resolution for the pending ordinance. The resolution, which was unanimously approved by the City Council, commends Comcast on its action and directs CAN TV and the franchised cable operators to work with the City to complete a plan to address CAN TVís long term viability by December 1, 2006.

Our thanks go to Comcast for providing this proposal. Comcastís action allows a reasonable amount of time for all of the parties to work cooperatively in resolving CAN TVís funding situation in the long-term.

We want to express appreciation to Mayor Daley, Alderman Bernard Stone, and all of the Aldermen who have consistently given support to CAN TV.

And we extend our gratitude to the hundreds of Chicago residents and nonprofit representatives whose dedication and actions built a groundswell of support for a funding solution that assures CAN TVís future viability.

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