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BVU Releases 2016 Audited Financial Statements

As discussed at the February 10, 2017, BVU Authority Board of Directors’ meeting, BCS (Blackburn, Childers & Steagall, PLC) conducted an audit of the financial statements of BVU Authority for the fiscal year ended June 30, 2016. Below is a link to the 2016 financial statements and supplementary information.

BVU Authority Financial Statements 2016

Holston Valley Broadcasting

CUSTOMER NOTIFICATION: MyNetwork TV No Longer Available

On midnight, January 29, 2017, Holston Valley Broadcasting Corporation (WKPT/WAPK) made changes to its network lineup. As of January 30, 2017, WAPK is no longer a MyNetwork TV affiliate. With this change, BVU OptiNet no longer has access to the signal. Until further notice, we will continue to carry Grit, COZI, and Me-TV as offered by Holston Valley Broadcasting.

MyNetwork TV was carried on BVU OptiNet Channel 6 (SD) and 439 (HD), and on OptiNet QuantumVu on Channel 6 (SD) and 1006 (HD).

 

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CUSTOMER NOTIFICATION: RETRANSMISSION FEES INCREASE FEBRUARY 1, 2017

Effective January 1, 2017, local broadcast stations will increase the fees they charge BVU OptiNet to rebroadcast their signals by $1.25 per month. As a result, the Local Retransmission Fees charged on your bill will increase beginning February 1, 2017.

Effective February 1, 2017, the new rate will be $9.50 per month.

What is a Local Retransmission Fee?

The Local Retransmission Fee is charged by local broadcast networks to cable and satellite customers for access to their signal. The US Congress has authorized broadcast stations, such as NBC, CBS, FOX, and CBS, to provide consent (grant or deny permission) for cable operators to retransmit the signal to customers. This agreement is typically renegotiated every three years.

In accordance with this law, OptiNet is required to obtain retransmission consent from various local broadcasters. The Federal Communications Act prohibits cable operators and other video programming distributors from retransmitting broadcast signals without first obtaining each broadcaster’s consent. Each broadcaster charges BVU OptiNet a fee, which is called a Local Retransmission Fee, for their consent to rebroadcast.

BVU OptiNet has chosen to show Local Retransmission Fees as a separate line item on your bill. The entire amount collected for Local Retransmission Fees is then remitted to the local broadcast networks.

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CUSTOMER NOTICE: DISCONTINUATION OF PROGRAMMING

BVU OptiNet received a programming rate increase proposal from Comcast Sports Network (CSN). BVU feels the fees for this programming are excessive related to the value of the content. In an effort to ensure the value of our video services and minimize the need for rate increases, BVU will discontinue carriage of this network effective December 31, 2016.

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NOTICES OF SOLE SOURCE PROCUREMENT

This is BVU Authority’s official written notice under Virginia Code 2.2-4303.E of the local public body’s determination regarding a sole source procurement decision. The Authority, through its CEO, has determined that only one source was practicably available. These notices will remain on the website for at least fifteen (15) days.

Any member of the public requesting to review  a copy of the sole source justification memo should contact Donna Biggs at 276-821-6190 or dbiggs@bvua.com.