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Lack
of support leads CEO Club to request loan be tabled
The
bill to fund CEO TV has been tabled indefinitely by the
House of Student Representatives.
By
Matt Turner
Staff Reporter
Students won’t be tuning into CEO TV anytime soon.
The Collegiate Entrepreneurial Organization requested
the bill be tabled indefinitely by the House of Student
Representatives last night, the same day it was supposed
to be voted on. The House granted the request.
The CEO Club previously requested a $38,000 loan —
to be repaid over five years with $4,500 interest —
from the House to cover the initial cost of starting a
student-run TV station.
Michael Hennig, CEO TV’s chief representative, said
students are confused about the CEO TV proposal and there
is no consensus supporting the bill.
The CEO Club wants what is ultimately best for TCU, and
they wouldn’t feel comfortable moving forward without
the support of students, faculty and SGA, Hennig said.
“This is a weighty issue that should not be rushed
in any way,” Hennig said.
Hennig said students are evenly divided on the issue,
but believes the bill would have passed in the House.
“It’s not the right time for CEO TV to come
through SGA,” President Jay Zeidman said.
Some administrators, including Vice Chancellor for Student
Affairs Don Mills and House advisor Larry Markley, think
the proposal was rushed and didn’t have enough support,
Zeidman said. He said there is also concern about the
House giving a loan, since that is typically not its policy.
Zeidman said that the bill would not be revisited this
semester because the CEO Club will be doing more research
this summer, but it could eventually be brought back.
Hennig said their research will include looking at alternate
funding and consulting more with involved parties, including
SGA officers and faculty members.
The CEO Club wants to look further into the capabilities
the station would have and how it can use them to support
TCU, Hennig said.
Treasurer David Watson said the CEO Club will have a hard
time getting a loan of this magnitude from a bank, something
Hennig previously acknowledged. Hennig said confidential
private investors are another option they will explore.
CEO TV will move forward if research shows it would be
in the best interest of TCU, which could include returning
to the House for funds, Hennig said. |
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Raveen
Bhasin/Staff Photographer
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| CEO
TV representative Michael Hennig, a sophomore marketing
and entrepreneurship major, speaks before the SGA
Tuesday night. |
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