10/15/1981 - Laserfiche WebLink

Home Browse Search

0 0 CT 151991 $ooK 47 PAGE ` 5 4 they were before. He commented that at the time of transfer of this franchise, Jones Intercable had made the statement that they were able to do more than was being done presently and that their company had the resources available to accomplish this. Discussion ensued about the corporate structure involved, and Commissioner Wodtke commented that at the earlier hearing, the Board was provided with a financial statement dated March 31, 1980, which he assumed was a total corporate statement similar to the annual report, and he wished to have the financial information attributable specifically to the operation in this county broken out so he could make a meaningful comparison of figures. He further noted that based on their customer base, the $1.25 increase should provide them with an additional $42,000 a year. Mr. McLaughlin stated that he could not help but feel that the members of the audience believe that Jones Intercable is asking for this increase just to make a profit, but actually it is something they need simply to make the improvements and keep operating. Detailed discussion followed in regard to the net loss and what it included. Commissioner Wodtke referred to the projection of capital improvements made for 1981 through 1985 and asked if Jones Intercable could state that the dollars projected for 1981 were expended in the various categories projected and what assurance they would be willing to offer that their projections for the future years will be allocated as projected in this franchise area. In other words, he wished to be assured that the dollars projected would be expended to improve the system and the signal rather than to expand the territory. Mr. McLaughlin stated that most of that money will go to a rebuildment situation rather than expansion, but noted 4