Laserfiche WebLink
WILLIAM SISK, MANAGER OF JONES INTERCABLE, INC., MADE <br />THE PRESENTATION. THE BROCHURE CONTAINING ALL INFORMATION REGARDING <br />PRICE INDEX COMPARISON — INCOME STATEMENTS — SYSTEM IMPROVEMENTS — <br />CAPITAL COMMITMENTS, ETC., IS ON FILE IN THE OFFICE OF THE CLERK. <br />MR. SISK STATED THAT OBVIOUSLY INFLATION HAS PLAYED A MAJOR <br />FACTOR IN THEIR ASKING FOR AN INCREASE, AND HE WENT ON TO EXPLAIN WHY <br />THEY FEEL THEY MERIT AN INCREASE OF OVER 17%, WHICH IS WITHIN THE 18% <br />INDICATED BY THE CONSUMER PRICE INDEX. HE NOTED THAT THEIR EMPLOYEES <br />HAVE HAD A SUBSTANTIAL SALARY INCREASE BECAUSE THEY ARE TRYING TO <br />ATTRACT AS PROFESSIONAL A GROUP AS POSSIBLE IN ORDER TO AFFORD A <br />HIGHER LEVEL OF SERVICE. ALSO, THEY HAVE HIRED A CHIEF ENGINEER TO <br />HELP CORRECT ANY DEFICIENCIES. MR. SISK THEN REVIEWED THEIR CHANGES <br />IN PROGRAMMING, NOTING THAT THEY ARE PLANNING TO REPLACE THEIR WEAK <br />SIGNALS WITH MUCH STRONGER ONES; THEY ARE PLANNING TO BRING IN AN <br />ALL SPORTS CHANNEL 24 HOURS A DAY TO BE INCLUDED IN THEIR BASIC <br />PACKAGE AND HAVE ALREADY ADDED SUPERSTATION WTBS OUT OF ATLANTA IN <br />THE SAME BASIC PACKAGE. MR. SISK EMPHASIZED THAT THERE ARE SOME <br />SIGNALS THEY CANNOT DEPEND ON, AND BECAUSE OF THE DISTANCE FRO <br />THEY ORIGINATE, THERE IS NOT MUCH THEY CAN DO ABOUT IT, I.E., �,.,,NEL 5 <br />FROM WEST PALM BEACH PHASES IN AND OUT AND THEY WILL BE DROPPING WESH <br />OUT OF DAYTONA BEACH BECAUSE OF CO—CHANNEL TROUBLE. <br />MR. SISK THEN REVIEWED THE ADDITIONAL EQUIPMENT THEY HAVE <br />BEEN INSTALLING SINCE TAKING OVER FROM INDIAN RIVER CABLEVISION AND <br />INFORMED THE BOARD THAT THEY ARE AN 100% UNDERGROUND SYSTEM, WHICH <br />IS ADVANTAGEOUS AS FAR AS AESTHETICS ARE CONCERNED, BUT NOT WHEN IT <br />COMES TO LOCATING A BREAK IN THE CABLE. HE NEXT REVIEWED SOME OF <br />THEIR FINANCIAL FIGURES WHICH SHOWED A NET LOSS OF OVER $373,000 IN <br />1050. PART OF THIS, OF COURSE, RELATED TO DEPRECIATION AND NON—CASH <br />ITEMS, AND PART AROSE FROM THE FACT THAT THEIR CABLE SYSTEM IS SPREAD <br />OVER A VERY LARGE AREA; THEY CURRENTLY HAVE ABOUT 2,800 SUBSCRIBERS, <br />OR AN AVERAGE OF 25 PER MILE. THE SYSTEM IN FORT PIERCE, FOR INSTANCE, <br />HAS AN AVERAGE OF OVER 50 SUBSCRIBERS PER MILE. MR. SISK FURTHER <br />NOTED THAT 2/3 OF THEIR BUDGET FOR REBUILDING PURPOSES IS EARMARKED <br />FOR INDIAN RIVER COUNTY, AND THEY ARE SEEKING A GREATER PROFESSIONALISM. <br />CHAIRMAN LYONS ASKED IF ANYONE PRESENT WISHED TO BE HEARD. <br />3 <br />book 6 PAGE 815 <br />