The long-awaited L.A. Times piece on the problems at the Calvary Satellite Network was published today. It doesn’t include much more than we already knew, save for a few interesting factoids:
1. The CSN network is valued at $250 million, most of that in the form of the licenses for the 450+ full-power FM and translator stations it owns.
2. Calvary Chapel founder Chuck Smith poured some $13 million into network construction, and Chuck’s son, Jeff, siphoned money from his dad’s radio ministry to finance CSN in troubled times. Continue reading “CSN Exposé Finally Published”
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