posted on Oct, 10 2012 @ 10:27 AM
I have a feeling that this will be the everlasting image of Obama's 2012 race to the bottom. They are not even backing down after the Big Bird
himself asked them to stop using his image...
Here is what you really need to know about Big Bird, Sesame Workshop and PBS in general...
First only $445 million a year is spent on the Corporation for Public Broadcasting and that amounts to just a tiny fraction of our entire budget and
massive deficit. But, does the CPB really need the money to prosper?
Here we go... follow the numbers
It should come as no surprise that cutting Big Bird off the US dole would save very little money, relatively speaking. In part that’s because
Sesame Workshop, the company that produces “Sesame Street,” gets most of its money from sources other than Uncle Sam.
Let’s look at the numbers. According to the latest Internal Revenue Service Form 990 financial disclosure that Sesame Workshop has made public, its
total revenue for 2009 was about $130 million. Of that, about $7.9 million came directly from government grants.
$130 million in total revenue for 2009 for Sesame Workshop alone!! only $7.9 million came from federal grants
Now, Big Bird gets program fees from stations, too. Sesame Workshop lists $27 million in content distribution revenue. Some of that comes from
federal dollars funneled to local PBS entities, though the Form 990 doesn’t break that out.
We’ll go back to Sesame Workshop to illustrate this point. According to a pie chart of the group’s financials, 35 percent of the group’s
cash comes from corporate, foundation, and government support. As we’ve seen, the “government” part of that isn’t very big.
Another 33 percent comes from product licensing. That’s all the Elmo dolls and so forth that clutter kids’ bedrooms around America. A final 32
percent comes from distribution fees and royalties.
Here's the kicker!!! A well compensated CEO!!
Sesame Workshop president and CEO Gary Knell got $684,144 in reportable compensation from his job.
So, rest assured boys and girls, Big Bird will be just fine as will the rest of PBS. They will just have to modify their business model to generate
more revenue via ad sales like every other network in existence today.
Don't buy the never ending hype circulated ad nausea ffrom the Obama Camp. Clearly, they never thought people would actually check the numbers. As
usual. Sleep well knowing that the next Tickle Me Elmo doll you buy will help keep Big Bird on the air. Funny how those open and free markets
Ask yourself why this is the only issue important enough for them to comment on constantly while dodging every other issue vital to the health of our
edit on 10-10-2012 by jibeho because: (no reason given)