News
3 Rivers Communications sketches out cost-cutting measures
Officials cite economy, infrastrucure funding needs
One area business, 3 Rivers Communications http://www.3rivers.net/ , is making changes and tightening its belt as the telephone-Internet-cable TV company heads into 2010.
Company General Manager Steven R. Krogue emphasized that the federally-organized cooperative, based in Fairfield, is financially solid, and with some adjustments, the company’s goal is to maintain that standing for years to come. “We are very strong financially with $50 million in owner equity and carrying only $20 million in long-term debt,” Krogue said.
However as most businesses, 3 Rivers Communications is feeling the economic downturn. Krogue cited the economic conditions and a gap in infrastructure funding as the two main reasons for some immediate changes within the company.
By Vonnie Jacobson, Acantha reporter
Full Story: http://www.choteauacantha.com/articles/2009/12/23/news/doc4b30e8b414066529970255.txt
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