While I am frequently a critic of some of the poor writing that appears in the paper, this is not a way to balance the budget
Daily Collegian defunded
Daily Collegian defunded
SIAP: PSU defunds the Daily Collegian
- Thread starter GrimReaper
- Start date
It'll be interesting to see if The Collegian is asked to vacate its on-campus office space as well.
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Sure it is. By the BoT.Independently published…
The Collegian was a great paper and rated the #1 college paper in the country when I attended Penn State. The quality of the paper has taken a nosedive over the past decades. As far as I am concerned, it can disappear and I wouldn’t care.
That sucks for journalism students who get experience writing for the Daily Collegian. Should the Bellasario School of Communications pick up the tab moving forward since I think journalism majors would fall under that college?
I agree on 1 hand I like to see them reducing costs/overhead but this is not even a drop in the bucket. There is tons of fat that can be trimmed. Let Barry sharpen his knife and get things rolling...
The Collegian had been receiving about $400,000 in annual funding - was cut to approx. $200,000 last year and now set to go to $0
Couple things:
1) This "cut", whether one is for or against it, is less than rounding error wrt the University's fiscal issues. Without question 10X 100X probably 1,000X more impactful savings could be realized by engaging in waste reductions/enhanced efficiencies that would in no way impede any of the University's missions. Yes, every dollar adds up - but?
2) Many - maybe most - of the higher quality student run newspapers, around the country, do not receive University funding. IIRC, the papers at Columbia and Northwestern, to name just a couple of the more respected student papers, do not receive university funding.
3) If a paper wants to proclaim that it is independent - and then relies on funding from the University (by far, the most impactful institution regarding the issues they are likely to be writing about) the potential conflicts of interest are glaring.
4) I would hope - for the sake of the journalism students, if nothing else - that the Collegian can find a way to reconfigure their financials so as to continue operating more or less as is.
5) If they do, a couple of positives: A - They can truly claim to be independent, and maybe that will lead to better journalism. And that can only be a good thing. B - The students will gain valuable real world "journalism" experience - including how to manage their revenues and expenses in a more realistic environment (Yes, learning how to run the business aspect of a media operation is just as important as learning how to edit copy). That could also be a good thing in the long run.
Couple things:
1) This "cut", whether one is for or against it, is less than rounding error wrt the University's fiscal issues. Without question 10X 100X probably 1,000X more impactful savings could be realized by engaging in waste reductions/enhanced efficiencies that would in no way impede any of the University's missions. Yes, every dollar adds up - but?
2) Many - maybe most - of the higher quality student run newspapers, around the country, do not receive University funding. IIRC, the papers at Columbia and Northwestern, to name just a couple of the more respected student papers, do not receive university funding.
3) If a paper wants to proclaim that it is independent - and then relies on funding from the University (by far, the most impactful institution regarding the issues they are likely to be writing about) the potential conflicts of interest are glaring.
4) I would hope - for the sake of the journalism students, if nothing else - that the Collegian can find a way to reconfigure their financials so as to continue operating more or less as is.
5) If they do, a couple of positives: A - They can truly claim to be independent, and maybe that will lead to better journalism. And that can only be a good thing. B - The students will gain valuable real world "journalism" experience - including how to manage their revenues and expenses in a more realistic environment (Yes, learning how to run the business aspect of a media operation is just as important as learning how to edit copy). That could also be a good thing in the long run.
It’s expensive to keep the tailgate-control choppers in the air!When does PSU defund the police?
(I know, it was a State Police helicopter. Kidding around)
The Columbia Daily Spectator hasn't received University funding for sixty years. It's primary sources of revenue are advertising and alumni contributions (it has a nice little endowment). As often as not, it runs an annual surplus.
That aside, PSU's contribution to the Collegian probably wouldn't cover Neeli's Daily coffee service. Does she intend to forego that?
Why can’t they run on advertising revenue like other university newspapers? Put those business majors to work on the problem.
Looks like you picked the wrong day to stop drinking enough coffee...among other things>$400k per day for coffee. Holy hell.
I really chose the wrong profession.
Maybe there's an NIL opportunity in there somewhere.
>$400k per day for coffee. Holy hell.
I really chose the wrong profession.
Neeli buys a car:
Moving on from the Collegian:
1. what sort of progress is PSU making in tackling the annual operating deficit; and
2. since the Administration is reducing funding of a student activity, paid for, no doubt, with tuition or mandatory fee dollars, what sorts of perqs are senior administrators giving up in the effort to trim the deficit?
I know this might seem out of place, but how does the university have fiscal issues? PSU tuition ranks in the top highest in the nation every year, they have a foundation in the $4billion range, and every year somebody like bellisario donates millions.
It might seem that PSU might have similar problems as our federal government. There's plenty of money coming in, but the leaders have poor control over what goes out. Can't we find someone who is a strong enough manager who can get control of the finances?
Simple: it spends more money than it takes in, nine figures worth.
Without going into the boring details: Spending wheelbarrow loads of money, on things that do nothing to achieve the missions, will lead you to that point.
Here are just two very broad examples:
Do you know we "spend" nearly $100 Million per year on "expenses" from the endowment? Not "spending from the endowment" for things like scholarships, faculty, etc - spending $100 million from the endowment each year, for "management expenses" of the endowment, much of it paid to who knows who?
Spending, regularly, 25%, 50%, 100% more on capital projects than our cohorts do for similar projects (that adds up to hundreds of millions of $ pretty quickly). Why? Who knows?
Now, you take this to the test board mister.When does PSU defund the police?
C'mon man, Mark Dambly needs to make a living just like we do
One wonders when was the last time this was put out for bid
And if someone connected to the cabal that runs the university has the contract
Reports | Office of Investment Management
As of June 30, 2023, LTIP was valued at approximately $6.23 billion, which includes approximately $4.54 billion in endowment assets and approximately $1.68 billion in non-endowed funds.
How am I gonna ask that cute redhead in Biology 101 if she wants to meet up without the Collegian personals?
I learned what “GFY” means thanks to the personals in The Daily Collegian. Of course, I got that response so many times, how could I forget?
I learned what “GFY” means thanks to the personals in The Daily Collegian. Of course, I got that response so many times, how could I forget?
did you respond with a BRB.
About 20 years ago a group of successful Collegian alumni approached the Collegian board about setting up an endowment ala Columbia. They stressed the need for the Collegian to be truly independent and were willing to write checks for the initial funding, set up annual fundraising, and hire professionals to do the paperwork. In return they wanted seats on the board. The Collegian board politely listened and then eventually declined, saying they knew that Penn State would always have their back.
When the s&^% hit the fan in 2011 Penn State made it clear what reporting they wanted to see, and that the situation was being dealt with and, to quote Karen Peetz, "it will all be forgotten in four years". The Collegian followed orders, became Pravda, and has never recovered. OnwardState and StateCollege.com are eating their lunch and OMG! Penn State does not, in fact, have their back. The Collegian alumni are not returning calls.
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