Sep 14, 2020, 08:11 EST
Bronx, United States, Sep 14, 2020, 08:11 /Comserve / -- the boards of both the companies, Vermont PBS and Vermont Public Radio, decided to merge both the firms to formulate a new public media organization, to serve the community better.
Colchester and Winooski, September 11, 2020: On Wednesday, i.e., September 09, the boards of both the companies, Vermont PBS and Vermont Public Radio, decided to merge both the firms to formulate a new public media organization, to serve the community better. As per the company, the current President and Chief Executive Officer of Vermont Public Radio, Scott Finn, will lead the new organization. Alongside, Steve Ferreira, the present CEO of Vermont PBS will work as the COO.
The board believes that this is the best time to strengthen public media by merging these two organizations that share the same idea and purpose to connect Vermonters. Charlie Browne, Vermont Public Radio’s board chair said that together, the companies aim to let its customers experience various formats of education, news, arts, and culture.
The release states that Nicole Junas Ravlin will now act as the chair of the new board of directors, and Marguerite Dibble will occupy the vice-chair position. Furthermore, the current directors of VPR and Vermont PBS will work in the new board.
It is foreseen that the new group will be launched on July 01, 2021. Both VPR and Vermont PBS will work on the development of an integration plan for the next several months. During the integration process, the boards of both entities will function independently.
Scott Finn said that all the viewers and listeners would continue to enjoy the programming as before, the merger will help further expand their services and offer rich experiences.
Vermont PBS is a public television station that renders media services, rent studios, provides production facilities, and services like editing, graphic design, animation, encoding, and much more. As per the financial statements of Vermont ETV, Inc. for the year 2019, the total revenue of the company stood at USD 1,354,025; however, the total earnings from operations experienced a loss of USD 2,120,264. In this era of advanced media and communication services, the board’s decision to merge Vermont PBS and Vermont Public Radio can transform the functioning of both the entities to cater to the growing needs of their customers.
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