Taxpayers on hook for money-losing cable company

There are 3 comments on the Feb 1, 2010, MSNBC story titled Taxpayers on hook for money-losing cable company. In it, MSNBC reports that:

Town leaders are expecting an update Thursday on a money-losing cable television provider which has been owned and operated by local governments since 2007.

Join the discussion below, or Read more at MSNBC.

CaroleNC

Davidson, NC

#1 Feb 1, 2010
What a shock--government unable to run what should be a private enterprise at a profit. The voters made a huge mistake allowing the town council to buy into the fallacy that this could be a success. We should have insisted that TWC be allowed to take over the already failed system.

Since: Jan 10

Mooresville

#2 Feb 2, 2010
Yep... Now the taxpayers are on the hook for this failing entity.
Banc

Raleigh, NC

#3 Feb 4, 2010
The (former)At Large Commissioner and the (former)Mayor that voted in this brilliant idea were recently given a reception to "thank them for their service".

We're on the hook for $93 million...and they get a cake.

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