Back in Black

What seems like such a remarkable turn around really isn’t remarkable at all. In fact, given the previous years of wanton excess that is so often characteristic of the state's public benefit corporations, it’s more incredible that SPAC wasn’t able to ink even more black digits into their proverbial ledger.
Let’s do the math. Chesborough is kicked to the curb –well, not really –and Bruno Press Secretary Marcia White is brought in to take up the cause. Not factoring the seldom-mentioned sweetheart deal cut for the former director, that’s an annual savings of $160,000. And that’s just one salary. Figure in the loss of Kathy Chesborough’s whopping salary of $70,000 for being the right wife at the right time and SPAC now has roughly $230,000 of extra cash to play with this year, even before taking into consideration Team Chesborough’s thorough corruption and utter ineptitude.
Then there’s the deal with beloved media monolith Clear Channel Entertainment, formerly SFX now know as Live Nation. To most casual onlookers, Clear Channel’s annual fleecing of SPAC appears to be nothing more that a deal to bring in big name acts. However, the decade-long deal –now in its sixth year –basically gives Clear Channel every ounce of gate receipts, save for what is ultimately a paltry $1 million flat rate fee garnered by SPAC.

Of course, Clear Channel waves a $3-per-person carrot before the SPAC board of directors for each warm body they coax into the concerts after breaking an attendance of 200,000 for the season. Six years after inking that deal, attendance has only breached that number once, officials said. So who’s getting the short end of that deal?
For SPAC officials, however, the outlook is rosy, now that Hurricane Chesborough has blown out to see. Using language such as “back on track” and “sea of change,” SPAC officials decided to give themselves a nice long pat on the back for a job well done; perhaps Siena College would be willing to give them an award.

1 Comments:
What....no photo credit for the leopard picture? What kind of journalistic enterprise are you running here!
-Clifford
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