April Marciszewski, The Tulsa World, November 1, 2007
Oral Roberts University employees were told this week the school has moved to improve its financial situation, and officials have considered selling the university’s television station, according to an ORU professor.
Accounting professor Terry Unruh said he attended the first of two meetings that gave employees a chance to hear directly from ORU’s top leaders.
David Ellsworth, executive vice president for finance and operations, said during the meeting that ORU has extended the terms of loans that were coming due soon and has secured lower interest rates, Unruh said.
Ellsworth did not give dollar amounts or other specifics, but he did say the university did not have to beg for the longer, lower loan terms, Unruh said.
When asked, Unruh said ORU leaders at the forum said they have considered selling KGEB, channel 53, the campus-based TV station that broadcasts
shows such as “The Hour of Healing” featuring Richard Roberts and “Make Your Day Count,” hosted by his wife, Lindsay Roberts.
The university is $52.5 million in debt, spokesman Jeremy Burton said last week.
I’m sure Rev Moon is on the look out for a good investment.
Comment by greyhawk — November 1, 2007 @ 3:19 pm