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Jenn Gordon, a name well-known in Peoria's arts community, will become WTVP's next president and CEO on April 22.
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WTVP's board of trustees is set to select a new president and CEO for the public television station at a special meeting next week.
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Public television station WTVP lost nearly $870,000 in its last fiscal year, with Peoria magazine's ballooning costs driving much of the deficit.
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Peoria's public television station must await the completion of an independent audit by the Corporation for Public Broadcasting's inspector general before a decision is made on WTVP's annual funding request.
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Eleven members of WTVP's board of directors are resigning amid mounting public anger over the station's alleged financial mismanagement.
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Community anger and anxiety about WTVP's direction boiled over during the public comment section of the station's regular board meeting Tuesday.
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The chairman of WTVP's board of directors said the Peoria public television station is not considering an imminent shutdown when the board meets on Tuesday.
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Both the Illinois attorney general's office and Peoria Police Department are now asking questions about the "questionable, improper, or unauthorized" spending at WTVP.
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It's the latest blow to Peoria's PBS station, WTVP. The station's financial problems have become increasingly public over the past month.
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WTVP is laying off nine people, days after the station's board of directors slashed the budget by nearly a third to stem the station's financial losses.