June 30, 1996
	Unrestricted					Temporarily	Permanently	.
	Operating	Property	Designated	Interfund	.	Restricted	Restricted	Total
	Fund	Fund	Fund	Eliminations	Total	Fund	Fund	Consolidated
ASSETS	.	.	.	.	.	.	.	.
.	.	.	.	.	.	.	.	.
CURRENT ASSETS:	.	.	.	.	.	.	.	.
Cash and cash equivalents	.	73	958	.	1,031	1,493	.	2,524
Accounts receivable - Trade	1,966	.	.	.	1,966	1,150	.	3,116
Accounts receivable - Affiliates	1,254	.	.	.	1,254	.	.	1,254
Pledges receivable - Capital Campaign	.	.	.	.	.	380	313	693
Grants receivable	201	.	.	.	201	.	.	201
Prepaid expenses	200	.	.	.	200	.	.	200
Due from other funds	.	45	2,808	2,853	.
.	.	.	.	.	.	.	.	.
TOTAL CURRENT ASSETS	3,621	118	3,766	2,853	4,652	3,023	313	7,988
.	.	.	.	.	.	.	.	.
PROPERTY AND EQUIPMENT, net	.	13,359	.	.	13,359	.	.	13,359
.	.	.	.	.	.	.	.	.
OTHER ASSETS:	.	.	.	.	.	.	.	.
Investments	68	301	3,052	.	3,421	.	.	3,421
Investments - Capital Campaign	.	703	1	.	704	.	.	704
Pledges Receivable - Capital Campaign	.	.	.	.	.	54	21	75
Note receivable from affiliate	2,525	.	.	.	2,525	.	.	2,525
Note issuance costs, net	.	201	.	.	201	.	.	201
Broadcasting license acquisition costs, net	.	9,036	.	.	9,036	.	.	9,036
Due from affiliates	92	.	.	.	92	.	.	92
Other	99	.	.	.	99	.	.	99
.	.	.	.	.	.	.	.	.
TOTAL OTHER ASSETS	2,784	10,241	3,053	.	16,078	54	21	16,153
.	.	.	.	.	.	.	.	.
TOTAL ASSETS	6,405	23,718	6,819	2,853	34,089	3,077	334	37,500
.	.	.	.	.	.	.	.	.
LIABILITIES AND NET ASSETS	.	.	.	.	.	.	.	.
.	.	.	.	.	.	.	.	.
CURRENT LIABILITIES:	.	.	.	.	.	.	.	.
Accounts payable - Trade	2,372	.	.	.	2,372	.	.	2,372
Accounts payable - Affiliates	133	.	.	.	133	.	.	133
Current portion of long-term debt	.	1,444	.	.	1,444	.	.	1,444
Accrued liabilities	707	41	.	.	748	.	.	748
Refundable advance	120	.	.	.	120	.	.	120
Due to other funds	2,853	.	.	2,853	.	.	.	.
.	.	.	.	.	.	.	.	.
TOTAL CURRENT LIABILITIES	6,185	1,485	.	2,853	4,817	.	.	4,817
.	.	.	.	.	.	.	.	.
OTHER LIABILITIES:	.	.	.	.	.	.	.	.
Long-term debt, less current portion	.	6,651	.	.	6,651	.	.	6,651
.	.	.	.	.	.	.	.	.
TOTAL OTHER LIABILITIES	.	6,651	.	.	6,651	.	.	6,651
.	.	.	.	.	.	.	.	.
COMMITMENTS AND CONTINGENCIES	.	.	.	.	.	.	.	.
.	.	.	.	.	.	.	.	.
NET ASSETS	220	15,582	6,819	.	22,621	3,077	334	26,032
.	.	.	.	.	.	.	.	.
TOTAL LIABILITIES AND NET ASSETS	6,405	23,718	6,819	2,853	34,089	3,077	334	37,500
(See Notes to consolidated financial statements.)

Independent Auditor's Report (Introduction) Consolidated Statement of Financial Position Consolidated Statement of Activities Consolidated Statement of Functional Expenses Consolidated Statement of Cash Flows Notes to consolidated financial statements