CSB School of Broadcasting Ceases Operations
Quincy, MA - Mar 5, 2009 - The CSB School of Broadcasting will close all 26 of its campuses immediately as it plans to cease operations and to file for bankruptcy protection. While CSB's operations have been affected by changes in the private student loan market, the decisions taken yesterday are a result of recent actions taken by its lender, National City/PNC Bank, including the seizing of bank accounts held by the CSB.
CSB had been working on alternatives to continue to fund the business, but was given the surprise notice by its lender. Without access to cash, CSB has been forced to shut down operations. CSB will now promptly seek protection under applicable insolvency laws.
David Banner, president of CSB, said, "I am extremely disappointed that, after 44 years of operations, CSB will not be able to fulfill its mission of providing a quality education to students interested in working in the broadcast industry. I am also disappointed that the actions of our lender precipitated this sudden disruption in the lives and careers of our students and employees."
Inquiries regarding CSB and the insolvency proceeding may be directed to David Banner at 646-248-2027.
Acceptable Use Policy blog comments powered by Disqus
[an error occurred while processing this directive]
Today in Radio History
The history of radio broadcasting extends beyond the work of a few famous inventors.
EAS Information More on EAS
The feed provides feeds for all US states and territories.
Need a calendar for your computer desktop? Use one of ours.
Information from manufacturers and associations about industry news, products, technology and business announcements.
Staying on-air is priority #1, but 100 percent redundancy comes at a cost.
Browse Back Issues[an error occurred while processing this directive]
Also in the November Issue
- Music is Everywhere at WTMD
- FCC Looks to Update RF Exposure Rules
- Government Shutdown Causes FCC Delays
- Applied Technology: Wheatstone baseband192
- Side by Side: Video Cameras
- Exploring More from Google Earth
- The History of W9BSP